Horizon Equity Partners has invested in TEEM, S.A., consolidating several Portuguese telecommunications and renewable energy companies to enhance their growth strategy.

Information on the Target

Horizon Equity Partners has announced its fifth investment through Horizon Growth Fund I, focusing on TEEM, S.A. This investment consolidates interests in prominent Portuguese firms including SinalCabo, Netllink, Sinaltech, TRC, and Solarus, which specialize in telecommunications infrastructure, technical services, and renewable energy. Together, these enterprises have forged a robust platform characterized by their strong technical capabilities and extensive national presence.

TEEM, S.A. plays a pivotal role in supporting Portugal's digital transformation and energy transition initiatives, a crucial element in an increasingly interconnected and sustainable European market. As of 2024, the Group reported consolidated revenues of approximately €45 million, demonstrating significant growth within its key sectors, particularly in the deployment of telecom networks and energy projects.

Industry Overview in Portugal

The telecommunications sector in Portugal is experiencing rapid evolution, driven by increasing demand for high-speed internet and mobile connectivity. The government's commitment