German fibre broadband provider Deustche Glasfaser is set to be acquired by the EQT Infrastructure IV fund and OMERS Infrastructure Management. Confirming the development in a press release, Stockholm-based EQT said that EQT Infrastructure and OMERS will jointly purchase Deutsche Glasfaser from KKR Infrastructure and Reggeborgh, and the German operator will be combined with EQT Infrastructure IV portfolio company inexio ‘to form a leading FTTH player in rural Germany’. Upon completion of the transaction, financial details of which were not disclosed, EQT Infrastructure will own 51% in the combined group and OMERS will own 49%. The closing of the transaction is expected in the second quarter of 2020, subject to customary regulatory approval.
Commenting on the deal, Uwe Nickl, Deutsche Glasfaser’s CEO, said: ‘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 fibre rollout 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.’