Thorleif Krarup has today been appointed Chairman of the Board of Dangaard Telecom, after the recent acquisition by Nordic Capital.
Thorleif Krarup has extensive business experience, having worked many years in Group CEO positions within the financial sector, with first Nykredit, later Unibank and latest Nordea. Most recently, Thorleif Krarup has been Chairman of the Board of TDC, the Danish based European provider of telecommunication solutions and has chaired the company through strategic and structural changes with great success. In addition, Thorleif Krarup is a member of the Board of ALK-Abelló, H. Lundbeck, The Lundbeck Foundation, Group4Securicor, and Bang & Olufsen, a.o.
"We are very happy to appoint Thorleif Krarup Chairman of the Board", says Christian Dyvig, Partner in Nordic Capital. "We see his experience within the telecommunication industry and broad business experience as an instrumental prerequisite to developing Dangaard and further expanding the business into new business areas and geographical markets."
"I am very excited to join the Board of Dangaard Telecom", says Thorleif Krarup. "With its position as the European market leader offering value adding distribution and logistical services to all players in the mobile telecommunication industry - be it handset manufacturers, content providers, operators and retailers, I see huge potential in developing it further and becoming the world leader within its field."
In addition to Thorleif Krarup, the Board consists of Deputy Chairman Christian Dyvig and Michael Haaning.
Dangaard Telecom has its headquarters in Padborg and is Europe's largest distributor of mobile phones, Smart Phones and original accessories for mobile phones. Through new services, the company has developed the traditional distributor role and is today the preferred Value Adding Distributor for a number of Europe's largest manufacturers of mobile phones, Mobile Network Operators and retail chains. Dangaard Telecom have a first mover advantage in developing services to the fast growing enterprise segment, Multi Virtual Network Operators and Content and Application Providers. Dangaard Telecom has about 1,000 employees in 15 countries and in the 2004/05 financial year, the company achieved revenues of EUR 1,550 million. www.dangaard.com.
Nordic Capital is a group of private equity funds focusing primarily on investments in the Nordic region. Nordic Capital creates value in its investments through committed ownership and by targeting strategic development and operational improvements. Founded in 1989, Nordic Capital was one of the private equity pioneers in northern Europe and has invested in a large number of Nordic-based companies operating in different sectors. Nordic Capital Fund VI has EUR 1,900 million in committed capital provided by Nordic and international institutional investors.
Nordic Capital Funds currently own the following Danish companies: Dangaard Telecom, Falck, Kompan, Nycomed, Sonion and Unomedical. www.nordiccapital.com
For further information, please contact:
Head of Corporate Communications Nikolai Fink Dangaard Telecom Phone: +45 73 30 30 80 Mobile: +45 22 38 30 80
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