Equistone Fund VI sold Amadys, a leading system integrator of connectivity solutions, to Netceed, further solidifying Amadys's position in the growing telecom infrastructure market while also reinvesting in Netceed.

Target Information

Amadys is a prominent system integrator specializing in comprehensive connectivity solutions for various sectors, including telecommunications, electricity, gas, and water networks. Headquartered in Antwerp, Belgium, the company offers a full range of services tailored to blue-chip customers throughout Europe. Its unique proposition as a one-stop-shop incorporates product development in collaboration with suppliers, complete logistics management, and onsite support, facilitating seamless connectivity solutions across different industries.

Since its inception, Amadys has experienced remarkable growth, increasing its revenues from €128 million in 2019 to €406 million by 2022. The workforce has also expanded significantly, growing from 100 to over 400 employees, underscoring the company's increasing market demand and operational capabilities.

Industry Overview

The connectivity solutions industry in Europe is undergoing rapid transformation, primarily driven by heightened investment in digital infrastructure, particularly fiber-optic cabling. This evolution is largely fueled by the