Amadys Acquires SKG Netzwerktechnik and Muth Kommunikationstechnik

Codan Group (via Codan US Inc.) Acquires Kägwerks (SKT2 LLC)

September 25, 2024

Aerospace & Defense

The Codan Group, through its wholly owned subsidiary Codan US Inc., has agreed to acquire 100% of US-based SKT2 LLC dba Kägwerks, a developer of soldier-worn tactical networking communications hardware and software. The deal, funded partly by increased debt capacity and including upfront cash (~$33.6m) plus up-to-5% royalties over five years, positions Codan to expand its tactical communications capabilities and accelerate entry into the US military market.

ETC Group Acquires Amadys from Equistone Partners Europe

March 9, 2023

Telecommunications

ETC Group, a global provider to the telecom network and technology infrastructure industry, has acquired Amadys, a Belgium-based system integrator of end-to-end connectivity solutions, from Equistone Partners Europe. The deal — in which Amadys' management will reinvest — expands ETC's geographic footprint and capabilities across the Benelux, UK and DACH regions; financial terms were not disclosed.

Amadys Group (Equistone-backed) Acquires PRO-Kunststoff GmbH

March 31, 2022

Telecommunications

The Equistone-backed Amadys Group has acquired PRO-Kunststoff GmbH, a Rüsselsheim-based distributor and logistics partner for passive broadband infrastructure components. The deal adds PRO-Kunststoff’s warehousing and FTTH component expertise to Amadys’ platform in Germany, expanding its end-to-end connectivity and fibre-to-the-home (FTTH) capabilities; the sellers/managing directors Michael Helfrich and Erik Maier-Rebenich will reinvest and remain as managing directors.

Equistone-backed Amadys Acquires tso GmbH to Establish Presence in Germany

February 24, 2021

Telecommunications

Equistone portfolio company Amadys has acquired Halver-based tso GmbH as an add-on to establish an initial market presence in Germany. tso supplies splicing and measurement technology, equipment and services for fibre optic communications networks; its founder Arthur Graevendiek will reinvest and remain CEO to support Amadys' growth in the DACH region.

Equistone-backed Amadys Acquires Infraconcepts B.V.

December 8, 2020

Telecommunications

Equistone portfolio company Amadys has acquired Breda-based Infraconcepts B.V. in an add-on transaction to strengthen Amadys' presence in the Netherlands. The deal (subject to competition approval) expands Amadys' passive network equipment footprint across telecom and utility end markets; the combined group generates roughly EUR 180 million in revenue and employs about 140 people.

Equistone Partners Europe Acquires Amadys

November 15, 2019

Telecommunications

Equistone Partners Europe has agreed to acquire Amadys NV, a Brussels-headquartered provider and distributor of passive network equipment for utilities and telecoms, from the company's management and Vectis Private Equity. Management, led by CEO Hein Wilderjans, will reinvest and retain a minority stake; Equistone plans to support organic growth and use Amadys as a platform for consolidation and international expansion. The deal is subject to competition clearance and financial terms were not disclosed.