Zayo Group has announced the acquisition of fiber infrastructure and network services company Globalways, a German fiber infrastructure and network services company based in Stuttgart. The financial details of the deal remain undisclosed. Yannick Leboyer, Managing Director at Zayo Europe, highlighted Globalways’ prominence in the Stuttgart and broader German market, emphasizing that the acquisition aligns with Zayo’s strategy to enhance its European service offering.

“Globalways has established itself as a key player in the Stuttgart and wider German market, offering high-quality communication infrastructure and network solutions via a comprehensive owned network. Globalways’ local expertise is the perfect complement to our European footprint,” said Yannick Leboyer, Managing Director at Zayo Europe.

“This acquisition will enable Zayo to offer an extended range of services to our European clients and provide Globalways’ customers with access to Zayo’s extensive international network.”

Upon completion, the acquisition is expected to strengthen Zayo’s European presence and provide an extended range of services to European clients. Globalways’ customers will gain access to Zayo’s extensive international network. Moritz Frenzel, Managing Director at Globalways, expressed excitement about partnering with Zayo, citing shared vision and values.

Globalways, previously owned by Relined Fiber Network, operates around 360km of fiber infrastructure in the Stuttgart metropolitan area, covering more than 700 on-net buildings. The transaction is subject to customary closing conditions and is anticipated to be finalized in Q4 2023. Zayo owns over 17 million fiber miles worldwide, 1400 on-net data centers, and operates in 400+ markets.