05 Jun 2023
Tele Media GmbH – Service rund ums Telefon (“Tele Media”) was founded in 1996 by Ronny Krolik and is headquartered in Laage, Germany. The family-run telco-focused civil engineering company generates revenues of more than EUR 50m and employs c. 200 people in Laage and Hamburg. The company is active in the fibre-roll-out as well as the densification and fault clearance of the existing fibre and copper cable infrastructure. Tele Media has long-standing relationships with key German telecom operators and is among the largest and most reputed telecom infrastructure contractors in Northern and Eastern Germany.
Circet, headquartered in Paris, France is the leading European network infrastructure service provider that is active in the roll-out of fixed and mobile broadband. The company is present in 13 European countries, generated revenues of more than EUR 3.5bn in 2022 with over 15,000 people and has leading telecom operators among its customers.
The acquisition of Tele Media helps Circet to enhance its technical capabilities in the dynamic German fibre-to-the-home (FTTH) market while strengthening Tele Media’s leading position in Northern and Eastern Germany and securing further growth for the combined group. Commenting on the successful transaction, Ronny and Tim Krolik said: “It was very important for us to find a renowned, high-performance and responsible partner for our customers, business partners and above all for our employees. We are convinced that we have succeeded in this in the best possible way with Circet and see it as a great opportunity for Tele Media to become part of the group and its success story.”
CASE Corporate Finance Germany acted as exclusive financial adviser to the shareholders of Tele Media. This transaction highlights CASE Corporate Finance’s leading position in the infrastructure service sector as well as the ability to provide tailor-made services for family businesses within the German mid-market landscape.
