NETZKONTOR NORD GMBH
Services for the telecommunications sector
KEY FACTS AT A GLANCE
NETZKONTOR NORD GMBH
REVENUES in €mn
As of 30 September 2018
households in Germany have not yet been connected to a fibre-optic network
With the MBO of netzkontor, DBAG is investing in a well-positioned service provider in a fast-growing market. We want to support the company in its further development using the expertise that DBAG has gained from its current trio of investments in this sector.
netzkontor was established in 2008 and operates in two different business segments with around 100 employees. Under the “netzkontor” brand, the company offers a range of services relating to the planning and supervision of fibre-optic network construction. Its subsidiary OpenXS handles network management for operators of fibre-optic networks. The regional focus is on the German federal state of Schleswig-Holstein, where netzkontor operates in two other locations in addition to its headquarters in Flensburg. Having recently opened an office in Schwerin, the company is now also active in Mecklenburg-Western Pomerania.
POTENTIAL FOR DEVELOPMENT
The demand for fast Internet connections is increasing among both private households and companies. However, broadband coverage has so far expanded at a sluggish pace in Germany in comparison with other European countries. More than 40 million households in Germany have not yet been connected to a fibre-optic network. In this favourable market environment, netzkontor is benefiting from its strong reputation as a reliable, high-quality provider and from its project management expertise. It is also expected to achieve double-digit revenue growth in the coming years. The plan is to further drive forward the company’s regional expansion and the diversification of its customer base by way of acquisitions.
FINANCIAL YEAR 2018
netzkontor acquired BIB TECH GmbH, a provider of services related to the planning and construction of telecommunications networks, in May 2018 – four months after the investment started. A second company acquisition was agreed in August with the acquisition of BFE Nachrichtentechnik GmbH. Due to the resulting expansion of capacities and strong demand, netzkontor’s revenues and earnings in the 2018 financial year are forecast to be higher than originally expected.
OUTLOOK AND OBJECTIVES
netzkontor also plans to increase revenues and earnings in 2019. In view of the continuing favourable market environment, the management team is focusing on expanding capacities through further acquisitions and hiring new employees.
Ragnar Geerdts joined Deutsche Beteiligungs AG in 2012 and became a Managing Director in 2017.
He has over ten years of experience in private equity and mergers and acquisitions. Ragnar Geerdts has extensive knowledge of the automotive supplier and telecommunications industries and in mechanical and plant engineering. He was involved in numerous investments and disinvestments, including DNS:NET, Frimo, Formel D, inexio, mageba, Oechsler and Unser Heimatbäcker. Ragnar Geerdts also led the investment process in vitronet, netzkontor nord, von Poll Immobilien, BTV Multimedia and FLS and sits on the advisory councils of these companies. Before joining Deutsche Beteiligungs AG he worked in the area of M&A at Bayer AG and at Deutsche Post AG.
Ragnar Geerdts holds a degree in Business Administration from Freie Universität Berlin, and also studied at the Beijing Foreign Studies University.