Livingstone advises vitronet group on acquisition of CR Clemens Reuschenbach
Livingstone advised vitronet GmbH, a portfolio company of the Expansion Capital Funds advised by the Deutsche Beteiligungs AG (DBAG ECF), on the acquisition of Horizontale Bohr- und Presstechnik Clemens Reuschenbach (hereinafter “CR Clemens Reuschenbach”). Terms of the transaction were not disclosed.
CR Clemens Reuschenbach is an owner-managed sole company from Rhineland-Palatinate offering services in the areas of civil engineering, static burst lining and directional and horizontal drilling methods with a specialized equipment pool, and has established itself as a reliable partner for the contraction of network infrastructure in the telecommunication industry as well as other media. Clients are commercial investors, public services, municipalities and network operators.
vitronet group operates its businesses from its headquarter in Essen and six other locations in Germany as a general contractor for nationwide fiber optic and copper infrastructure projects. As a partner of energy suppliers, network providers, industrial companies and public clients, vitronet offers comprehensive services, including network planning, civil engineering services, cable pulling, installation and maintenance. Additionally, the company offers its clients also individualized dark fiber routes.
CR Clemens Reuschenbach is already the 5th add-on acquisition of vitronet group since the entry of DBAG ECF. “With CR Clemens Reuschenbach we have won another specialist supplier for our group, who complements our service portfolio in the areas burst lining, drilling and pressing technology, as well as our local presence usefully. We are looking forward to a continued successful cooperation with Mr Reuschenbach, who has been running the company for many years, and his entire team” says Marc Lützenkirchen, CEO of the vitronet group. “The Livingstone team around Christian Grandin has advised us on this acquisition again and had a decisive influence on the implementation of the transaction.”
“I have been working with vitronet on different projects successfully in the past and I am pleased to continue so as a part of the company group. Together with a strong and nationwide active partner, we can grow further in the future, win interesting projects and offer a broader service to our clients”, adds Clemens Reuschenbach, former owner of CR Clemens Reuschenbach, who is going to continue managing the company under the umbrella of the vitronet group.
Christian Grandin, partner at Livingstone Düsseldorf, comments: ”This transaction marks number 8 of successful transactions, which we realized for the vitronet group since 2009. This underlines not only our long-term relationship with vitronet but also our outstanding expertise in the area of telecommunication/broadband expansion in Germany.”
