Livingstone has advised vitronet on its acquisition of Kabel & Tiefbau GmbH
Livingstone has advised vitronet Holding GmbH, a portfolio company of the funds advised by Deutsche Beteiligungs AG (DBAG), on the acquisition of Kabel and Tiefbau GmbH, a specialist in flush drilling and underground cable line construction. Terms of the transaction are undisclosed.
With the transaction, the vitronet group is expanding its geographic focus and activities in Baden-Württemberg as a service provider in the field of civil engineering and assembly services. Founded in 1988 and managed by the third generation, the company acts as an established partner for special-purpose associations, municipal utilities, and network operators, particularly in the Black Forest area between Baden-Baden and Freiburg.
Kabel- und Tiefbau GmbH specializes in fiber optic expansion, cable expansion in wind farms, trenchless cable laying and classic civil engineering work. The company, based in Kehl-Goldscheuer, achieved sales of around twelve million euros in the 2021 financial year with 60 employees. The service portfolio includes civil engineering work up to soil class 7 in the areas of gas, water, electricity, broadband, and renewable energies for private and public customers as well as utility companies. With the takeover, the vitronet group strengthens and optimizes its existing service portfolio along the value chain and is now one of the most important industry players in nationwide infrastructure expansion.
The Kabel and Tiefbau team strengthens the activities and presence of the vitronet group in Baden-Württemberg. Thanks to the proven expertise in civil engineering and assembly services and the reputation we have gained with our partners over decades, we can now provide our customers in the south-west with more capacity for the accelerated broadband expansion and the area of renewable energies on-site. In addition, we are consistently and efficiently expanding our regional business,” explained Christoph Lüthe, Managing Director and CSO of the vitronet group.
Matthias Krause, Managing Director and CFO of the vitronet Group, added, “I would like to thank the Hoffmann family for the trust they have placed in us and I would like to extend a warm welcome to the entire Kabel and Tiefbau GmbH team to the vitronet Group. Special thanks also go to the Livingstone sector team for once again providing outstanding support from initial contact through to the successful completion of the transaction.”
The vitronet group is the leading service provider in the German market for nationwide fiber optic and energy infrastructure expansion. Various specialist companies have been integrated along the value chain in recent years as part of a long-term expansion strategy. It now comprises 24 operative subsidiaries, including the Bergert Group, Clemens Reuschenbach GmbH, Dankers Bohrtechnik GmbH, Energieservice Sandmann GmbH, Horstmann GmbH, HJ Tief- und Rohrleitungsbau GmbH, Heinz Lütkemeier GmbH & Co. KG, ISKA Schön GmbH, IMD Group, KronoBau GmbH, Reinhard Rohrbau GmbH, Leinberger Bau GmbH, STG Group, Telewenz GmbH, Triopt Group, vitronet projects, vitronet-z, vitronet Tiefbau GmbH, the Meyer Strassenbau Group and Diroba GmbH & Co. KG.
The acquisition of Kabel and Tiefbau GmbH is the 13th successful transaction within less than 30 months and thus underlines not only the attractiveness but also the enormous potential of the vitronet group in Germany. We are very pleased to be able to provide decisive support for the growth strategy of the vitronet group in Germany and look forward to further exciting future cooperation with great anticipation,” added Johannes Faber, Partner at Livingstone Partners Düsseldorf.
