17.10.2016
INDUS Holding AG DE0006200108
DGAP-News: INDUS invests in digital infrastructure segment
DGAP-News: INDUS Holding AG / Key word(s): Investment
INDUS invests in digital infrastructure segment
17.10.2016 / 14:46
The issuer is solely responsible for the content of this announcement.
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INDUS invests in digital infrastructure segment
Bergisch Gladbach, 17 October 2016 - HAUFF-TECHNIK GmbH & Co. KG, an INDUS
portfolio company, has acquired a 50% interest in ZweiCom GmbH, Jagstzell,
a specialist for the development and production of passive components for
fiber optic infrastructure. Established in 2005, ZweiCom manufactures
products which are characterised by very high packing density for fiber
optics as well as easy installation. This allows customers to save space
and time when establishing fiber optic network infrastructure. HAUFF-
TECHNIK is one of Europe's leading manufacturers of cable and sleeve
entries; as the German market leader in building entries, the company is
involved in many projects for the expansion of fiber optic networks. The
company became a member of the INDUS Group in 1986. Jürgen Abromeit, CEO of
the INDUS Group, is convinced that the alliance between HAUFF and ZweiCom
will help both companies make progress in the joint development of the
"digital infrastructure" segment.
Huge pent-up demand for fiber optic expansion in Germany
In the past, fiber optic networks in Germany were usually not laid into
consumers' homes but formed the backbone of the communication networks. The
"last mile" is normally covered by existing telephone copper wire or
coaxial cables. When changing from the fiber optic cable to the copper wire
cable, the optical signal must be converted into an electrical signal in
order to be transferred to consumers' homes. This is done in optical
distribution frames on the side of the road, which are also used to connect
the large fiber optic bundles to the final customer.
The federal government has meanwhile launched subsidy programmes, which are
being used by regional providers, local authorities and investors in
Germany to install high-speed fiber optic networks in their regions. They
represent the biggest market potential besides Deutsche Telekom, as they
account for over 70% of all new fiber optic connections. "Digital
infrastructure is clearly a topic of the future and an important growth
sector. In Germany alone, we expect between ten and 15 million households
per year to be connected to high-speed fiber optics in the next five to ten
years. This is not a new field for us, as we know this market very well.
WEIGAND Bau, one of our portfolio companies, has successfully operated in
this sector for many years," says Jürgen Abromeit.
INDUS investment WEIGAND Bau already a successful player in the fiber optic
segment
WEIGAND Bau from Bad Königshofen (an INDUS member since 2002) installs
underground fiber optic cables. The company has recently won the contract
for the expansion of the network in the five districts of northern Hesse
(Hersfeld-Rotenburg, Werra-Meißner district, Schwalm-Eder district,
Waldeck-Frankenberg and Kassel district). In its capacity as general
contractor, WEIGAND will plan the execution and the network and carry out
the construction work for the passive network. After the scheduled
completion date of the EUR 150+ million project (end of 2019), over 100
municipalities with some 570 villages will be able to use high-speed
Internet. The five districts formed "Breitband Nordhessen GmbH" already
back in 2014 in order to expand high-speed Internet in their region
autonomously.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
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17.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: [email protected]
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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