H.I.G. Capital to divest German portfolio firm ICG Group to SPIE Group
H.I.G. Capital, a leading global alternative investment firm with $60 billion in capital management, has recently confirmed its agreement to sell ICG Group to SPIE Group. This transaction marks a significant milestone in the European digital infrastructure sector, showcasing the growing importance of integrated services in energy and communications. With ICG’s management set to continue leading the company’s evolution, this deal underscores the strategic foresight of both entities in fostering the development of cutting-edge digital infrastructures.
The journey of ICG Group, since its inception in 2021, through H.I.G. Capital’s initial investment in Infratech, highlights a remarkable trajectory of growth and innovation. With over 700 employees and a presence in Germany, the Netherlands, and Croatia, ICG’s accomplishments include the construction of over 15,000 mobile communications sites and the deployment of more than 15,000 kilometers of fiber-optic lines. This expansion has not only quadrupled ICG’s revenue but also solidified its position as a pivotal enabler of next-generation infrastructures in Germany and beyond.
Holger Kleingarn, Managing Director at H.I.G., lauded the efforts in creating a unified platform for digital infrastructure services, stating, “We are very pleased to have assembled the ICG Group, uniquely offering customers a single point of contact for the entire value chain of digital infrastructure services.” This sentiment is echoed by ICG’s management, with Vladimir Suznjevic highlighting the critical role of technical integration in driving European digitization forward, and Gregor Klaßen emphasizing Germany’s potential to advance in fiber optic rollout.
As digital infrastructure continues to evolve, with technologies like Industry 4.0, autonomous driving, and artificial intelligence becoming increasingly prevalent, the demand for sophisticated service providers like ICG Group is expected to rise. The transition to SPIE Group promises to sustain this momentum, ensuring that Europe remains at the forefront of digital innovation and infrastructure development.
The sale of ICG Group to SPIE Group by H.I.G. Capital represents a strategic maneuver within the digital infrastructure landscape, indicating a bright future for Europe’s connectivity and technological advancement. This partnership is poised to accelerate the deployment of essential digital services, facilitating the next wave of innovation and growth across the continent.