EQT and OMERS completed the acquisition of Deutsche Glasfaser from KKR and Reggerborgh for $3bn.

EQT and OMERS completed the acquisition of Deutsche Glasfaser, a provider of fibreglass fibre networks for households and companies, from KKR and Reggerborgh Groep, a Dutch investment firm. Financial terms were not disclosed. Deutsche Glasfaser combined with EQT Infrastructure IV portfolio company inexio to form a leading FTTH player in rural Germany. EQT Infrastructure owns 51% in the combined group and OMERS owns 49%. "We are excited to welcome EQT and OMERS as our new owners and we are fully aligned to further develop Germany’s digital infrastructure. With the industry experience and financial support from EQT and OMERS, Deutsche Glasfaser is well-positioned to take the next step on our growth journey and accelerate the fiber roll-out across Germany. On top, we as a management team are excited to join forces with inexio, which will help us to combine our highly complementary skill-sets and to further accelerate our growth," Uwe Nickl, Deutsche Glasfaser CEO.