Vitronet Group, an Essen, Germany-based maker of glass fiber infrastructure products, has received a minority investment of undisclosed amount from RWE Deutschland.
RWE has bought a 15% stake in the company from Ventizz Capital Partners. Following the transaction, Ventizz Capital Fund IV L.P., will retain 61% of Vitronet while Harald Ross, managing director, will retain 24%.
vitronet specializes in the expansion of broadband networks and offers a full range of services from project management consultancy to maintenance and servicing. The company currently has 130 employees maintaining and services over 10,000km of glass fiber cables including for companies in the RWE Deutschland Group.
Clients include telecoms providers, cable network operators, energy suppliers and municipal utilities companies.