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Entry year:2017
Fund:Maj Invest Equity 5 K/S
Other shareholders:Founders and management

CEO:René Brøchner
Chairman:Carsten Dilling
Maj Invest contact:Mads Andersen

EBITDA:DKK 63 million

Business model

Icotera was founded in 2007 and is today among the leading European developers of gateway, WiFi and software solutions sold to fiber network operators. The company is headquartered in Brøndby and has its R&D facility in Poland. Through a solution and customer-oriented business approach Icotera has become the Danish market leader with established sales in multiple European markets. In recent years the company has generated high organic growth rates driven by unique hardware and software solutions tailored to individual customer needs and strong growth in the European fiber market.