Netel Holding AB (publ) (-0AAB) has confirmed the legal completion of its statutory merger with Infrea AB following registration by the Swedish Companies Registration Office on 4 November 2026. The merger, first announced on 15 June 2026, transfers all of Infrea's assets and liabilities to Netel and triggers the issuance of 119,585,679 new Netel shares as merger consideration. The combined entity is expected to be renamed NETELINFRA Holding AB (publ), subject to shareholder approval at an Extraordinary General Meeting scheduled for 26 November 2026, making this a significant structural milestone for investors in both companies.

Key Points

  • Netel Holding AB (publ) (-0AAB), listed on Nasdaq Stockholm since 2021, operates across Infraservices, Power and Telecom infrastructure
  • The Swedish Companies Registration Office formally registered the Netel–Infrea merger on 4 November 2026, giving it full legal effect
  • 119,585,679 new Netel shares issued as merger consideration, increasing share capital by SEK 1,839,779.676923
  • Investors should watch the 26 November 2026 EGM, where the name change to NETELINFRA Holding AB and new board composition will be voted upon

Swedish Companies Registration Office Formalises Netel–Infrea Merger on 4 November 2026

The merger between Netel and Infrea has taken final legal effect following its registration by the Swedish Companies Registration Office on 4 November 2026. The process began when both boards adopted a joint merger plan on 15 June 2026, with regulatory permission to implement the plan granted on 30 October 2026. Trading in Infrea shares on Nasdaq Stockholm ceased on 3 November 2026, the day before registration. All of Infrea's assets and liabilities have now been formally transferred to Netel under the Swedish Companies Act, fulfilling all conditions of the merger, subject to Nasdaq Stockholm approving admission to trading of the newly issued shares.

119.6 Million New Netel Shares Issued as Merger Consideration for Infrea Shareholders

In connection with the merger registration, 119,585,679 new shares in Netel have been issued as merger consideration, increasing Netel's share capital by SEK 1,839,779.676923. Infrea shareholders recorded on the register as of the record date of 5 November 2026 will be entitled to receive these shares, with distribution expected on or around 9 November 2026. Only whole shares will be delivered; fractional entitlements will be aggregated and sold through a financial institution, with proceeds distributed to eligible shareholders no later than ten banking days after such sale. Trading in Netel's existing shares on Nasdaq Stockholm continues as normal.

NETELINFRA Holding AB Name Change and New Board Proposed at 26 November EGM

The announcement states that the Extraordinary General Meeting of Netel, scheduled for 26 November 2026, will be asked to approve renaming the combined company NETELINFRA Holding AB (publ), retaining its registered office in Stockholm. A revised board of six directors is proposed, comprising Alireza Etemad, Jari Burmeister, Amanda Glave, Tomas Bergström, Pontus Lindwall and Erik Lindeblad. Re-election of Alireza Etemad as chairman and the appointment of Tomas Bergström as vice chairman are both proposed. These governance changes reflect the enlarged scope of the combined infrastructure group following the transaction.

Netel's Infrastructure Credentials Underpin the Strategic Rationale for the Combined Group

Netel describes itself as a leader in critical infrastructure services with over 25 years of experience spanning Infraservices, Power and Telecom, covering the full value chain from design and production through to maintenance. The company reported net sales of SEK 2,915 million in 2025 and employs approximately 800 people across the group. The merger with Infrea expands this platform, though the combined entity's projected financials were not disclosed in the announcement. Investors may be watching the 26 November EGM for further strategic guidance on how the enlarged NETELINFRA group intends to deploy its combined asset base.