Eurofiber has signed a binding agreement for the acquisition of Lumos, a French fiber-optic network company in Nantes, France. Following the acquisition of Eurafibre, ATE and Eura DC in November 2019, Eurofiber is accelerating its French growth strategy with this acquisition. Eurofiber plans to further expand its network footprint to at least 25 cities in France by 2025.
Eurofiber operates a 37,200-kilometer fiber-optic network in the Netherlands, Belgium and France. The company is headquartered in the Netherlands and also has a branch in Germany.
Lumos is a leading provider of B2B infrastructure, based in Nantes, France. The company has built 70 kilometers of fiber optic network in the Nantes area, with Points-of-Presence (PoPs) in both Nantes and Paris. The employees of Lumos, and both Vincent Morio (CEO) and CTO Ghislain Phu, will stay with the company.
The completion of the Lumos acquisition is subject to the approval of the Ministry of Economic Affairs and Finance. It is expected to be completed in early 2021.
“To us, joining forces with Eurofiber means boosting our growth to become a leading connectivity provider in the Nantes area with a high-quality fiber-optic network and excellent connections within Western Europe,” said Vincent Morio. “My team and I are very happy to continue our journey as part of Eurofiber Group.”
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Eurofiber plans to accelerate Lumos’ growth by further expanding its network and broadening its market approach to the broader FTTx segment, in line with Eurofiber’s open access model.
“We are delighted to join forces with Lumos, which made a flying start and already has a reputation of excellence,” said Alex Goldblum, CEO of Eurofiber. “This company joining Eurofiber marks a next step in the realization of our French expansion strategy. Since November 2019, we’ve already had a strong presence in Lille, and with this acquisition we expand to the metropolitan area of Nantes. It is our aim to further extend our network to other areas in France and by 2025, we expect Eurofiber to have operations in at least 25 French cities.”
Eurofiber recently welcomed the Dutch pension fund PGGM as a shareholder, alongside the French-based Antin Infrastructure Partners, which owns the majority of Eurofiber’s shares.
Eurofiber Group consists of: Eurofiber and DCspine (The Netherlands and Belgium), Dataplace and MatrixMind (The Netherlands), Eurafibre, ATE and Eura DC (France).