VITRONET PROJEKTE GMBH
Buildout of fibre optic networks
KEY FACTS AT A GLANCE
Vitronet Projekte GmbH
REVENUES in €mn
As of 30 June 2017
Vitronet benefits from the widespread awareness of the company and its excellent reputation as a services provider to the telecommunications sector. The company is one of the few able to provide the entire range of services needed to build larger fibre optic networks. That is an excellent platform for growth.
Vitronet Projekte GmbH was founded in 2001 and is a one-stop shop that provides all services required for broadband buildouts. In addition to the planning and servicing later on, the product portfolio includes network construction through sub-contractors. Its activities focus on new fibre optic networks and upgrades of existing networks. Its customer base primarily consists of energy suppliers and municipalities.
POTENTIAL FOR DEVELOPMENT
Revenues are expected to grow at a double-digit rate in coming years. The company's business opportunities derive primarily from the high demand for fast, high-performance Internet access. In Germany, less than ten percent of households have a fibre optic connection. The network buildout is one of the government's priority infrastructure projects and extensive funding has been earmarked to realise it. Other market drivers are the upgrading of mobile networks (from LTE to 5G) and of the networks maintained by cable operators as well as the expansion of fibre optic networks alongside motorways.
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. Before joining Deutsche Beteiligungs AG he worked in the area of M&A at Bayer AG and at Deutsche Post AG.
Ragnar Geerdts studied business administration at the University of Berlin and Chinese at the Beijing Foreign Studies University.