Dear friends and business partners,

we are pleased to announce today the successful completion of another transaction.

Since mid-April 2023, Sichert Group (Berthold Sichert GmbH & Co. Metallwerk KG, Berthold Sichert GmbH) a leading German supplier and specialist in outdoor control cabinets, complements Belden, Inc./ PPC a leading global manufacturer of data transmission components headquartered in St. Louis (USA). Apart from the purchase price of approximately USD 98 million, no details of the transaction were disclosed.

Belden, Inc./ PPC acquires all of the shares in Sichert Group as part of the transaction. Through the acquisition, Belden, Inc./ PPC expands its product and service offering and continues to drive growth in the key German market. The acquisition makes an important contribution to bundling the product offering between the different stages of the data transmission supply chain and thus providing a platform solution for network components. In the course of the development of 5G networks and for the infrastructure in smart cities.

The two long-standing managing directors of Sichert Group, Julian Graf von Hardenberg and Thomas Fila, will remain with the company on the management board.

Founded in 1923, the family-owned company Sichert has always used its Berlin roots for growth, innovation and tradition. Today, about 200 employees in Germany and Poland work for the long-established company and the group’s products can be found in a wide variety of networks worldwide, such as those of Deutsche Telekom and many other network operators. Whether its own products or pre-assembled solutions with system partners, Sichert analyses the needs of its customers and creates individual large-scale series for the different regional requirements and needs of the modern digitalised society.

BLOK acted as exclusive M&A advisor to the shareholders of Sichert Group. Legal advice to the sellers was provided by Buse Rechtsanwälte.

Oliver Kolb & Marcel Brix

Julian Graf von Hardenberg (Managing Director, Sichert Group):

“The transaction is a very important milestone for the entire company. We are now able to offer our customers a one-stop-shop, which is a huge change for the industry. Many thanks to the team at BLOK, who provided us with excellent advice and support at all times during this unique step for the company.”

About the Sichert Group:
The Sichert Group specialises in the development and production of outdoor switching cabinets for network operators in the telecommunications and transport industries. With more than 400,000 cabinets developed, the Sichert Group is one of the leading suppliers of copper cross-connect cabinets, active and passive cabinets, POP cabinets, fibre distribution cabinets, roadside 5G Small Cells, WIFI hotspots and associated telecommunications hardware. The group includes Berthold Sichert GmbH & Co. Metallwerk KG and Berthold Sichert GmbH, as well as the Polish subsidiary Berthold Sichert Sp.zo.o.

About Belden, Inc./ PPC:
Belden Inc. is one of America’s largest manufacturers of high-speed electronic cables used primarily in industrial, corporate and broadcast applications. The company designs, manufactures and markets signal transmission products for demanding applications. These products are used in FTTH, industrial automation, enterprise, security, transportation, infrastructure and residential applications.