SPIE signs an agreement for the acquisition of NexoTech in Poland

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Entering the Polish telecommunications infrastructure market

Ratingen, December 15, 2021SPIE, independent European leader in multitechnical services in the fields of energy and communications, announces the signing of an agreement for the acquisition of NexoTech, one of the main providers of maintenance and installation services for copper networks and high speed fiber optic (FttX) and services for the Deployment of FttX in Poland.

With the acquisition of NexoTech, SPIE enters the Polish telecommunications infrastructure market and strengthens its position as a pure player in multitechnical services in this country. As the leading Polish service provider for high speed copper and fiber optic networks, NexoTech benefits from the rapid deployment of FttX in Poland. NexoTech has a strong presence in western and southern Poland and is headquartered in Lubon, near Poznan. The company employs around 950 highly qualified employees and generated a turnover of 25 million euros in 2020.

Markus Holzke, Managing Director of SPIE Deutschland & Zentraleuropa, said: “With NexoTech, we gain a solid team with great expertise in the development of broadband. We are very pleased to continue our expansion into the rapidly growing FttX market with the existing management team and 950 employees. With Nexotech, we are taking an important step in strengthening our positioning as a solid partner for multitechnical services in Poland. We are confident that our customers will benefit from the expanded range of services.

Filip Reichelt, CEO of NexoTech: “Thanks to our excellent competence, we as NexoTech have established a leading position in the Polish market. We look forward to the common future with SPIE and the opportunities to further develop the business in Poland. We are convinced that we are making a strong contribution.

The transaction is expected to close by the end of January 2022 and is only subject to the approval of the competition authorities.

Warning

SPIE SA published this content on December 15, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 15, 2021 04:58:06 PM UTC.

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