Livingstone has advised vitronet GmbH (“vitronet” or “The Company”), a portfolio company of the funds advised by Deutsche Beteiligungs AG (DBAG), on the acquisition of Meyer Strassenbau Group, a regional specialist in civil engineering and road construction. Terms of the transaction were not disclosed.
Founded in 2005 and headquartered in Groß Twülpstedt (Lower Saxony), Meyer Strassenbau Group is a leader in infrastructure development, with expertise in civil engineering and road construction and building material recycling ensure efficient and smooth implementation of regional infrastructure projects.
The acquisition of Meyer Stranssenbau Group expands vitronet’s geographic coverage in the Lower Saxony region. With the takeover, vitronet Group strengthens and optimizes its existing service portfolio along the value chain and is now one of the most important industry players in nationwide infrastructure expansion with over 2,350 employees at 25 locations throughout Germany.
“The Meyer Strassenbau Group is a valuable reinforcement for the vitronet Group. Fiber optic expansion has developed into a major growth driver in the Meyer Strassenbau Group in recent years,” explained Marc Lützenkirchen, CEO of vitronet Group. He added, “This creates many synergies between us. The expertise in sewer construction is also an essential part of the value chain along with the nationwide energy infrastructure expansion.“
The vitronet Group is a leading service provider of fiber optic and energy infrastructure. Engaged in a longterm buy and build strategy, the company has integrated 21 operational subsidiaries, including Bergert Group , Clemens Reuschenbach GmbH , Dankers Bohrtechnik GmbH, Energieservice Sandmann GmbH, Horstmann GmbH , HJ Tief- und Rohrleitungsbau GmbH, Heinz Lütkemeier GmbH & Co. KG, ISKA Schön GmbH , IMD Group , KronoBau GmbH, Reinhard Rohrbau GmbH , Leinberger Bau GmbH, STG Group, Sandmann GmbH, Telewenz GmbH, Triopt Group , vitronet projects, vitronet-z, vitronet Tiefbau GmbH and the recently acquired Meyer Strassenbau Group.
Christian Grandin, Partner at Livingstone, stated, “This is the 11th successful transaction we have advised the vitronet Group on since 2019 and the third in 2021. We are pleased to have been entrusted to help build a market leader in Germany and look forward to furthering our collaboration.”