Shearman & Sterling advised Euro Techno Com Group (ETC), a leading a “one-stop shop” value-added distributor for the telecom network and technology infrastructure industry owned by Carlyle (soon to be sold to Cinven), on the acquisition of TIBA Produktions und Vertriebs GmbH (TIBA), an Austrian value-added distributor of passive equipment for telecom networks.
The acquisition enables ETC to further broaden its customer base across the DACH region and provides entrance to the attractive and rapidly growing Austrian telecoms market, which is primed for significant growth due to its low FTTH penetration with significant network deployments expected over the coming years.
ETC Group is a global leader in distribution, logistics, technical engineering, and product design with over 30 years of expertise and performance supporting the telecommunications and broadband industry. Founded in 1993 by Cédric Varasteh, ETC Group supplies and distributes a comprehensive range of passive and active equipment and tooling for network deployment, upgrades, and maintenance, supporting all technologies including FTTH, FTTx, HFC, Wi-Fi, 5G/mobile, and data center. ETC Group employs over 1,200 people across 13 countries, and serves 14,000+ customers globally, including the USA, the UK, France and Germany.
Shearman & Sterling also recently advised ETC on the acquisition of Klonex-VCS in Poland.