Equistone portfolio company Amadys, a leading provider of passive network equipment solutions for utility infrastructures in Belgium and its surrounding countries, has strengthened its market presence in the Netherlands through an add-on acquisition. Breda-based Infraconcepts B.V., a Dutch systems provider of passive network equipment solutions for the telecommunications sector, will join forces with Amadys. The transaction remains subject to approval from the relevant competition authorities.
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Amadys, headquartered in Brussels, provides its customers with a broad range of passive network equipment solutions for utility networks, with a focus on the telecommunications, water, gas and electricity sectors, as well as on general industrial businesses. The company’s product and service portfolio ranges from fibre optic cabling and components to cables, ducts, closures and covers. Amadys has already been active in the Dutch market via its subsidiary GM Products, a provider of fibre optic components and systems based in Eindhoven. Funds advised by Equistone acquired Amadys in December 2019 from the management team and a private equity fund. This latest acquisition marks an important step in Equistone’s and Amadys’ joint growth strategy, which entails the continued internationalisation and expansion of Amadys as a platform for market consolidation.
In the Netherlands, Infraconcepts B.V. has been one of the leading providers in its field for more than 20 years. The company is mainly active in the telecommunications sector, as well as in the energy, industrial, road construction, hydro-engineering, railway, mobile communications and data centre segments, with its solutions contributing significantly to broadband expansion efforts in the region. Together with Amadys, the company’s market position is set to be strengthened further and its additional growth potential leveraged.
The joint Group generates revenues of approximately EUR 180 million and employs around 140 people.