Eurofiber, which is backed by PGGM and Antin Infrastructure Partners, is planning on acquiring FullSave, a French B2B infrastructure-based telecom operator. No financial terms were disclosed. The deal is expected to close in early 2021.
Maarssen, The Netherlands, 1 December 2020 – Eurofiber has announced its intention to acquire FullSave, a leading B2B infrastructure-based telecom operator in the Toulouse and Bordeaux areas. Building on the acquisition of Eurafibre, ATE and Eura DC in November 2019, and Lumos in November 2020, Eurofiber is further strengthening its position in the French B2B telecom market. FullSave’s intended acquisition is subject to employee information and customary regulatory approvals in France, and is expected to be completed early 2021.
FullSave is a leading B2B infrastructure telecom operator in the Toulouse and Bordeaux areas providing Fiber to the Office (“FttO”), datacenter colocation, and Infrastructure as a Service (“IaaS”) services for small, medium and large enterprises. The company was founded in 2004, and has built a solid reputation and customer base ever since. FullSave manages its own fibre-optic network in Toulouse and Bordeaux, which will reach 600 kilometers by the end of 2020. FullSave also owns and operates a 1,600 sqm datacenter in Toulouse. Following completion of the acquisition, Eurofiber will work closely with the FullSave management team to support the continued growth of the company, which will include providing its customers an enhanced and expanded digital infrastructure footprint in the French market and internationally in Belgium, Netherlands and Germany.
FullSave President Laurent Bacca: ‘We are excited to become part of Eurofiber, a leading European player that has the vision, the track record and the funds to bring us to the next stage. We look forward to working together in providing our current and future customers with an even wider range of state-of-the art services in Digital Infrastructure.’
Eurofiber CEO Alex Goldblum: ‘With FullSave joining us, we welcome a strong and ambitious regional player that already holds a leading position in Occitanie and has a growing footprint in Nouvelle-Aquitaine. It has excellent staff and management, which has resulted in high year-on-year performance in both operations and customer satisfaction. We are delighted that FullSave is becoming a part of the Eurofiber Group.’
Eurofiber French growth strategy
FullSave is the second acquisition announced by Eurofiber in France in 2020, following the acquisition of Nantes based fiberoptic company Lumos announced on 18 November. Both acquisitions are part of the accelerated French growth strategy, which is aimed at expanding Eurofiber’s French footprint to at least 25 cities by 2025. Eurofiber already has a strong presence in Lille with its companies Eurafibre, ATE and Eura DC. As with Eurafibre and Lumos, Eurofiber aimsto accelerate FullSave’s growth by expanding its network and by extending its market approach to the broader FttX segment, in alignment with Eurofiber’s open access model.
Eurofiber has been a provider of industry-leading open digital infrastructure since 2000. Utilizing our own fiberoptic network and datacenters, we provide smart, open, future-proof cloud and connectivity solutions to companies, government bodies and non-profit organizations. Eurofiber enables total connectivity for the Smart Society, providing connectivity for all FTTx purposes with 38,000 km fiberoptic network in The Netherlands, Belgium and France and stretching into Germany.
This provides our customers the complete freedom to choose the services, applications and providers they need to tap into the full potential of digital innovation. Eurofiber also operates nine datacenters in the Netherlands and France through Dataplace and Eura DC. Supplementing Eurofiber’s vital network and datacenter infrastructure, we also offer interconnectivity between nearly all carrier-neutral datacenters in The Netherlands and Belgium through the DCspine platform.
Eurofiber is laying the foundation under the digital society, which is why the Dutch government has assigned Eurofiber the status of ‘vital infrastructure’.
In September, Eurofiber welcomed pension fund PGGM as a new minority shareholder and announced the renewed commitment of its major shareholder, French long-term infrastructure investor Antin Infrastructure Partners, further strengthening its long-term financial position.
Eurofiber Group consists of: Eurofiber and DCspine (The Netherlands and Belgium), Dataplace and MatrixMind (The Netherlands), Eurafibre, ATE and Eura DC (France).