IMAP advised Adams Network Engineering GmbH, a leading provider of engineering services for broadband expansion in Germany, as part of a succession solution on the sale to Netzkontor Group, a portfolio company of Deutsche Beteiligungs AG. The Netzkontor Group is also acquiring the shares in KVS-Kraftfahrzeug-Vertrieb-Service GmbH, Adams' fleet management company.
With the acquisition, Netzkontor Group continues its strong growth strategy and gains with Adams an excellent addition in the areas of planning, installation and service. The brand Adams and the company will remain after the acquisition. In addition, the existing management of Adams will continue to accompany the future development.
Founded more than 30 years ago, Adams has continuously developed itself under today's management led by Prof. Dr. Claus Adams, Dr. Alexander Adams, Dietmar Rosenau and Stefan Bauer. Today, Adams is one of the leading providers of engineering services in the areas of planning, installation and service of fiber optic lines and coaxial networks (digital infrastructure) in Germany. The company recently generated total revenues of more than EUR 17m and employs nearly 160 people at its sites in Wilhelmshaven, Büttelborn and Cologne.
The Netzkontor Group comprises independent service companies in the field of broadband and fiber optic expansion. The companies operate nationwide and are distinguished by their decades of experience in planning, building, operating and servicing networks. Today, Netzkontor comprises over 1,000 employees at more than 30 locations nationwide.
Dr. Jürgen Raith, CEO of the Netzkontor Group, emphasizes: "I am very pleased that we have found in Adams the ideal complement to our existing service portfolio. Together, we now act as a solution partner for technology upgrades for broadband networks throughout Germany. We cover everything from engineering and project management to technical implementation by field service."
"We are delighted to hand over our company, which has been built up over more than 30 years, to the Netzkontor Group through a structured succession. Together with the Netzkontor Group, which has an excellent understanding of our business model and market, we can complete our range of services and together prepare for the future challenges and developments in our industry," emphasizes Prof. Dr. Claus Adams, Managing Partner of Adams.
Dietmar Rosenau, also Managing Partner of Adams continues: "We would like to express our special thanks for the support provided by IMAP, which was outstanding both professionally and personally around the clock. A deep understanding of the market paired with a strong M&A expertise helped a lot to lead the negotiations to success."
The IMAP team around Henning Graw (Managing Partner), Sebastian Dinklage (Associate), David Stelzer (Analyst) and Adineta Gashi (Analyst) exclusively advised the shareholders of Adams in a structured M&A process through all phases until the successful closing.