Netadmin Systems plans for growth with Lumine Group
  • Founded: 2004
  • Located: Linköping, Sweden
  • Industry: Operational Support Systems (OSS) to Communication Service Providers (CSP’s) launching fiber networks
  • Acquired: 2015

Why Sell?

Netadmin was looking to expand their customer base and business potential. They were looking for a partner who could provide financial backing and the willingness to make necessary investments for long-term sustainability.




Founded in 2004, Netadmin Systems provides Operational Support Systems (OSS) to Communication Service Providers (CSP’s) launching fiber networks.

Since 2006, the business was been owned by multiple Scandinavian VC’s Venture Capital investment funds and the company expanded its customer base to more than 70 CSP’s ranging from small regional municipal fiber to the home (FTTH) operators to much larger FTTH business units of major Tier 1 convergent CSP’s. Due to advantageous regulatory environments and open access network policy, the company focused their efforts on several strong FTTH markets in Northern Europe where they now have high market share including Sweden, Norway, Switzerland, and the Netherlands.

Our acquisition by Lumine gives us the ability to grow and take advantage of a wealth of best practices shared across its portfolio of companies. We are very excited about our business potential and feel secure that we can now make necessary investments for long-term sustainability with the financial backing of the Lumine Group.”

- OLLE HILLSTROM, Former CEO, Netadmin Systems

3 Reasons Netadmin Chose Lumine

Decentralized Business Model

Decentralized Business Model

A transition with Lumine Group meant little to no interruption to the regular day-to-day business. Lumine's decentralized business model would allow the company to remain intact in Linkoping and Stockholm, without interruption to the business.

Buy & Hold Forever = Long Term Security

Buy & Hold Forever = Long Term Security

As a buy and hold forever acquirer, Lumine Group makes decisions that will impact the long-term and focus on security for employees, customers, and partners.

Talent Development

Talent Development

Lumine's strong focus on best-practices, metrics, and professional development of Netadmin’s management would allow the company to thrive under the guidance of a strong vertical market software business.

The Integration Period

In order to ensure a smooth transition, President of Lumine Group, David Nyland assisted in the integration of Netadmin Systems into the Lumine Group of companies.

Over the next months, Netadmin Systems will be working with Incognito to tap into their global distribution network in geographies where Incognito has extensive market share. The goal of these investments is to accelerate growth and create synergies between Incognito and other businesses in the growing Lumine Group portfolio.

Life Post-Acquisition

Netadmin Systems has comfortably settled into life under Lumine Group and its business continues to run as usual. The central difference that customers and partners will see is systematic growth, scalability, and maturity of the business. Lumine Group will continue taking great strides to preserve Netadmin’s reputation for customer service and continuous innovation.


Netadmin Systems was acquired by Lumine Group in 2015.
This case study was originally published in 2015.

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