Livingstone advises Vitronet on the acquisition of DIROBA GmbH & Co. KG
Livingstone has advised vitronet Holding GmbH, a portfolio company of Deutsche Beteiligungs AG (DBAG), on the acquisition of DIROBA GmbH & Co. KG, a general contractor and drilling specialist for underground cable and pipeline construction. Terms of the transaction are undisclosed.
The company is strengthening its geographical coverage in the Thuringia and Rhineland region as a service provider in telecommunications and fiber optic expansion. Founded in 2016 and managed by André Dittrich, the company based in Großvargula (Thuringia) is a valuable partner in infrastructure expansion.
DIROBA GmbH & Co. KG is a cable and pipeline civil engineering leader in controlled horizontal drilling, civil engineering work, cable pulling, laying, and assembly. The company can offer the entire pipeline construction trenchless construction from a single source and act as a general contractor in fiber optic expansion. Clients are primarily large clients from the telecommunications sector (e.g., Telekom or Vodafone) and municipalities and energy suppliers. With the takeover, the vitronet group strengthened and optimized its existing service portfolio along the value chain and is now one of the most important industry players in nationwide infrastructure expansion.
“We look forward to expanding our presence in Thuringia and the Rhineland with the Diroba team. With its expertise in the drilling and general contractor business, Diroba will help us to continue to implement our national turnkey strategy consistently,” explained Christoph Lüthe, CSO of the vitronet group.
The vitronet group focuses on its activities as a leading service provider for the nationwide fiber optic and energy infrastructure. Various specialist companies have been integrated along the value chain in recent years as part of a long-term expansion strategy. It now comprises 23 operative subsidiaries, including the Bergert Group, Clemens Reuschenbach GmbH, Dankers Bohrtechnik GmbH, Energieservice Sandmann GmbH, Horstmann GmbH, HJ Tief- und Pipelinesbau GmbH, Heinz Lütkemeier GmbH & Co. KG, ISKA Schön GmbH, IMD Group, KronoBau GmbH, Reinhard Rohrbau GmbH, Leinberger Bau GmbH, STG Group, Sandmann GmbH, Telewenz GmbH, Triopt Group, vitronet projects, vitronet-z, vitronet Tiefbau GmbH and the Meyer Strassenbau Group .
“The acquisition of DIROBA GmbH & Co. KG now reflects the fourth successful transaction for the vitronet group in 2021 alone and the 12th transaction since 2019. We are very pleased to be making a decisive contribution to growing the vitronet group to establish itself as the leading market player in Germany. This underscores our longstanding successful partnership with the vitronet group and our telecommunications/broadband expansion expertise in Germany. We look forward to additional exciting collaboration,” added Christian Grandin, Managing Partner at Livingstone Düsseldorf.
