Zayo Group has entered into a definitive agreement to acquire Globalways, a Stuttgart-based fibre infrastructure and network services company.
Globalways operates approximately 360km of owned fibre infrastructure across the Stuttgart metropolitan area and surrounding regions, with more than 700 on-net buildings. Once completed, the acquisition will enhance Zayo's presence in Europe, aligning with its commitment to enhance its European service offering. It is expected to close during Q4 2023.
Opportunities for fibre in Europe
Yannick Leboyer, Managing Director at Zayo Europe, says: “Globalways has established itself as a key player in the Stuttgart and wider German market, offering high-quality communication infrastructure and network solutions via a comprehensive owned network. Globalways’ local expertise is the perfect complement to our European footprint. This acquisition will enable Zayo to offer an extended range of services to our European clients and provide Globalways' customers with access to Zayo's extensive international network. This is a testament to our commitment to delivering unparalleled connectivity solutions and further building our presence in Germany. We are excited about the opportunity this creates for our European customers, employees, and stakeholders.”
Moritz Frenzel, Managing Director at Globalways, adds: “After successfully growing Globalways to a strong and successful national internet service provider under the ownership of Relined, we’re now looking forward to enabling our customers and partners to connect international markets and expanding our product portfolio with Zayo as an ideal strategic partner that shares our vision and values.”
Kristel Landa, CEO at Relined, the prior owners of Globalways, says: "We are pleased to announce this successful transaction with Zayo Group. Having nurtured and developed Globalways over the past years, we are excited to see it poised for further growth with an ideal partner. This strategic move ensures the continued success of Globalways and opens new possibilities in the evolving landscape of fibre-based communications solutions."
