Shere brilliance – Cellnex’s new acquisition
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Shere brilliance – Cellnex’s new acquisition

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Cellnex consolidate their position in Netherlands and enter the UK market through acquisition of Arcus’ Shere Group

In October 2016 Cellnex announced the acquisition of 100% of Shere Group for €393mn ($440.67mn), trebling their number of sites in the Netherlands from 261 to 725 through the addition of 464 Shere sites and acquiring a small but healthy portfolio of 540 sites in the UK. Integrating Shere’s assets will provide estimated annualised revenues of €29mn, two thirds of which are derived from the Netherlands and a third from the UK.

Cellnex have undertaken a series of growth investments in Europe over the past two years, deploying approximately €1.4bn. This means that at present almost 40% of company revenues are generated outside Spain.


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