UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) has added a German fibre optic network operator to its digital infrastructure portfolio.
The manager – investing via its Northern Fibre Holding portfolio company – has paid an undisclosed amount to buy Sewikom, a fibre-to-the-home (FTTH) operator in North Rhine-Westphalia.
UBS-AM REPM said it will invest further capital in Sewikom to allow it to continue the expansion of its fibre network and reach approximately 250,000 homes across the Hoxter and Lippe districts in Germany.
The latest deal follow’s the manager’s last year’s acquisition of Lünecom, a rural fibre optic infrastructure platform operating in Northern Germany.
UBS-AM’s global digital infrastructure portfolio includes a 50% stake in Accelecom and 25% interest in FiberLight, both US investments were made this year. In the UK, UBS-AM’s data centre business, Datum, recently acquired Teledata UK expanding its regional presence into Manchester.
Andrew Morris, the head of infrastructure equity, UBS Asset Management, said the Sewikom investment is in a highly attractive region in the German market and the business has a strong management team with deep local roots, which will be key to the firm’s future success.
“The transaction combines Sewikom with Lünecom under our Northern Fibre Holdings FTTH platform and gives us the ability to leverage synergies while building on our local presence.
“More broadly, over several years, we have built a diverse international portfolio of digital infrastructure investments, ensuring our clients are well positioned to benefit from the strong thematic tailwinds supporting this sector,” Morris added.
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