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Equistone: Amadys acquires SKG and Muth

Photo: Tanja Berg, Invest­ment Direc­tor in Equistone’s Munich office
7. Febru­ary 2022

Munich/Amsterdam — Amadys, a leading provi­der of passive network compo­nent solu­ti­ons for utility infra­st­ruc­ture in the Bene­lux region and port­fo­lio company of Equi­stone Part­ners Europe, is acqui­ring the two sales specia­lists SKG Netz­werk­tech­nik GmbH and Muth Kommu­ni­ka­ti­ons­tech­nik GmbH. Following the market entry in Germany through the acqui­si­tion of tso GmbH in early 2021, the two acqui­si­ti­ons mark the next important mile­stone in Amadys’ buy & build stra­tegy. The parties have agreed not to disc­lose details of the transaction.

Amadys, head­quar­te­red in Belgium, offers a wide range of solu­ti­ons in the field of passive network compon­ents for utility networks — with a focus on telecom­mu­ni­ca­ti­ons, water, gas and electri­city — as well as for indus­trial appli­ca­ti­ons. Funds advi­sed by Equi­stone, toge­ther with the manage­ment team, acqui­red the Belgian end-to-end systems inte­gra­tor in Decem­ber 2019; since then, Amadys has been conti­nuously expan­ding and deve­lo­ping its market posi­tion with a targe­ted buy-&-build stra­tegy. The acqui­si­ti­ons of SKG and Muth repre­sent anot­her important mile­stone for Amadys, following the market entry in Germany in 2021 — both in the expan­sion of its DACH presence and in its stra­tegy to become a leading pan-Euro­­pean full-service provi­der for connec­ti­vity solutions.

SKG Netz­werk­tech­nik was foun­ded in 1978 as part of the SKB-GROUP and is one of the leading Austrian suppliers of active and passive products for telecom­mu­ni­ca­ti­ons and data­com networks. Head­quar­te­red in Schwe­chat, Austria, the company, toge­ther with its Slova­kian subsi­diary FCS Fiber Compon­ents Slova­kia, serves a broad custo­mer base with a focus on the digi­tal infra­st­ruc­ture, energy, and tech­no­logy and construc­tion sectors. Thanks to its many years of exper­tise in the fiber optics sector, SKG and its solu­ti­ons have estab­lis­hed them­sel­ves as a reli­able part­ner for their customers.

Muth Kommu­ni­ka­ti­ons­tech­nik GmbH, based in Kabels­ke­tal near Leip­zig, is one of Germany’s leading specia­list whole­sa­lers for electri­cal and commu­ni­ca­ti­ons tech­no­logy. The company was foun­ded in 1991 and focu­ses on the distri­bu­tion of antenna tech­no­logy for satel­lite and broad­band cable systems as well as products for data and network tech­no­logy — espe­cially from the copper and fiber optic sector. The distri­bu­tion specia­list offers its custo­mers a broad product port­fo­lio from well-known manu­fac­tu­rers and in some cases acts as an exclu­sive logistics part­ner. With more than 1900 m² of wareh­ouse space, Muth guaran­tees its custo­mers a high deli­very capa­city as well as fast deli­very times and, toge­ther with its exten­sive product know-how, has estab­lis­hed itself as a well-known and reli­able part­ner for its customers.

With the acqui­si­tion of the two compa­nies, which are excel­lently posi­tio­ned in their coun­tries, Amadys reali­zes anot­her mile­stone on its way to beco­m­ing a pan-Euro­­pean full-service provi­der for connec­ti­vity solu­ti­ons: “The acqui­si­ti­ons of SKG and Muth mark an important step in the joint buy & build stra­tegy. Amadys has signi­fi­cantly expan­ded its geogra­phic foot­print over the past two years with loca­ti­ons in the Bene­lux, Germany, Denmark, Austria and Slova­kia — ideal condi­ti­ons to further drive the inter­na­tio­na­liz­a­tion of the group with the support of strong market dyna­mics”, comments Tanja Berg, Invest­ment Direc­tor in Equistone’s Munich office (photo), the transaction.

“I am very plea­sed that SKG will become part of the Amadys Group,” adds Alex­an­der Trem­mel, mana­ging part­ner at SKB Indus­trie­hol­ding GmbH. “SKG serves an attrac­tive market that is poised to grow signi­fi­cantly due to incre­a­sed data traf­fic and explo­ding demand for high-speed band­width. Toge­ther with Amadys, SKG will be able to further expand its market position.”

About Equi­stone Part­ners Europe

Equi­stone Part­ners Europe is one of the most active Euro­pean equity inves­tors with a team of more than 40 invest­ment specia­lists in seven offices in Germany, Switz­er­land, the Nether­lands, France and the UK. Equi­stone prima­rily invests in estab­lis­hed medium-sized compa­nies with a good market posi­tion, above-average growth poten­tial and an enter­prise value of between EUR 50 and 500 million. Since incep­tion, equity has been inves­ted in more than 170 tran­sac­tions. The port­fo­lio curr­ently compri­ses over 50 compa­nies across Europe, inclu­ding around 20 active holdings in Germany, Switz­er­land, the Nether­lands and Belgium. Equi­stone is curr­ently inves­ting from its sixth fund, which closed in March 2018 with €2.8 billion. www.equistone.de

About Amadys
For more infor­ma­tion, visit www.amadys.be.

About SKG
For more infor­ma­tion, visit www.skg.at

About Muth GmbH
For more infor­ma­tion, visit www.muth.kt.de

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