Announced
Completed
Financials
Sources
Tags
Germany
civil engineering
telecommunications networks
Telecommunications infrastructure
Acquisition
Majority
Private
Cross Border
Completed
Friendly
Single Bidder
Synopsis
Circet, a provider of telecom infrastructure services in Europe, completed the acquisition of Tele Media, a family-owned telco-focused civil engineering company in Germany. Financial terms were not disclosed. “The addition of Tele Media provides Circet Deutschland with enhanced technical capabilities in the dynamic German FTTH construction and maintenance markets. It also strengthens our national footprint with a strong position in Northern and Eastern Germany. We are very excited to welcome Ronny and Tim Krolik as well as all Tele Media employees to drive additional value to our customers and complement our turnkey services offering," Michael Hegemann, Circet Deutschland CEO.
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