- Infratech, comcross, Schwan and TripleA will be managed as an integrated group under the ICG umbrella
- HIG invested in ICG Group in 2021
- HIG Capital is a global alternative investment firm with $58bn of capital under management
ICG Group, backed by HIG Capital, has acquired TripleA Networks, a Dutch telecommunications company. No financial details of the transaction were disclosed.
TripleA is based in Aalten.
“With the acquisition of TripleA, we are further strengthening our position as market leader for tower solutions,” said Vladimir Suznjevic, MD, ICG Group. “Technologies such as Industry 4.0, autonomous driving and AI require a significant increase in density of digital infrastructure. For this, the bundling of mobile communications, fiber-optic and power infrastructure is required. As ICG, we are ideally positioned to meet this demand.”
HIG invested in ICG Group in 2021.
ICG was formed from HIG’s investment in Infratech and later ICG invested in comcross, Schwan.
Infratech, comcross, Schwan and TripleA will be managed as an integrated group under the ICG umbrella. The management of the companies will remain on board.
ICG is a digital communication infrastructures provider headquartered in Leonberg, Germany. It has a turnover of over €200 million.
HIG Capital is a global alternative investment firm with $58 billion of capital under management. The firm is based in Miami, Florida.