Equistone: Amadys acquires SKG and Muth
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
For more information, visit www.amadys.be.
For more information, visit www.skg.at
About Muth GmbH
For more information, visit www.muth.kt.de