Broadnet and GlobalConnect announced the merger of their businesses.

Denmark Norway M&A 13 September 2018
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Broadnet Holding AS, an Oslo, Norway-based fiber-based datacom provider and GlobalConnect A/S, a Copenhagen, Denmark-based provider of B2B data communication services in the Danish market, announced the merger of their operations, aiming to create a leading Northern European fiber-based datacom provider and supplier of cloud enabling infrastructure.

Both companies are owned by private equity investor EQT Partners, which had bought Broadnet in 2011 and GlobalConnect in 2016.

In 2017, the two companies had combined revenues of approximately EUR 310M and an EBITDA of EUR 110M.

The combination of Broadnet’s strong position in connectivity, serving both the B2B and B2C market, and GlobalConnect’s strong position in data centers, will strengthen and expand the merged companies’ multinational offering. The two companies will continue to operate under separate names and brands.

Martin Lippert, CEO of Broadnet, has been appointed CEO of the combined company.

Broadnet, led by Martin Lippert, controls over 24,000 km of fiber in Norway through its nationwide back-bone and metro network, connecting more than 90 cities across the country. The company has become the front-running independent fiber-based datacom provider in the Norwegian B2B market, also serving the B2C segment through its HomeNet brand.

GlobalConnect, led by CEO Christian Holm Christensen, is the leading alternative provider of fiber-based B2B data communication services as well as the largest Danish data center provider. The company operates 15,300 km of fiber network and 13,000 sqm of secure co-location space in Denmark and Northern Germany.