FixMap acquires Internet Union

London, 05 March 2025 – Arcus Infrastructure Partners (“Arcus”) is pleased to announce that FixMap sp. z o.o., (“FixMap” or “the Company”), Arcus European Infrastructure Fund 3 SCSp (AEIF3)’s Polish fibre-to-the-home (“FTTH”) operator, has acquired Internet Union, a south-western polish FTTH operator and internet service provider (“ISP”), expanding the business into a new and attractive regional geography.

FixMap has been established through a highly active buy-and-build strategy, with Internet Union representing the twenty-first acquisition for the Company and the first acquisition under AEIF3’s ownership.

Founded over twenty years ago, Internet Union has a network coverage of c. 108k homes passed and c. 21k homes connected[1] across Wroclaw and surrounding areas of south-west Poland. FixMap currently has no network presence in this region, making it a very strategic acquisition and adding a fifth regional cluster to the portfolio. In addition, the acquisition provides new M&A opportunities through Internet Union’s own M&A pipeline.

FixMap was founded in 2018 and operates through local subsidiaries, covering c. 279k homes passed with c. 100k homes connected[2] across Poland. FixMap subsidiaries are both ISPs and network operators and seven of these subsidiaries today also provide wholesale services to Orange Polska, the leading telecommunications provider in Poland.

The acquisition of Internet Union will increase FixMap’s portfolio to c. 387k homes passed and c. 121k homes connected. The acquisition of Internet Union significantly advances the M&A plan.

Christopher Ehrke, Partner and Head of Digital at Arcus, commented: “FixMap’s success has been built on a strategy of consolidation, and this continues to be a key strategic focus for FixMap management and Arcus. Six months into AEIF3’s ownership, we are delighted to announce the acquisition of Internet Union, which is very well-established in the Wroclaw area, a new and attractive regional geography for FixMap. This is the first acquisition under AEIF3’s ownership and we are in discussions with other regional Polish network operators which we hope to conclude over the coming months.“

Piotr Muszynski FixMap minority shareholder and CEO commented: Internet Union was one of the key acquisition targets in FixMap’s M&A pipeline. This transaction demonstrates FixMap and Arcus teams’ strong commitment and effective collaboration. I would thank both the FixMap and Arcus teams for their exemplary engagement and professionalism on this transaction and I look forward to further successes in pursuing this growth trajectory.

FixMap was advised by WKB (Legal), Grant Thornton (Financial and Tax), and Innside Tax (Tax).

About Arcus
Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and currently manages €9.1bn of assets (as at 31 December 2024). Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the digital, transport, logistics & industrials, and energy sectors. Further information on Arcus Infrastructure Partners can be found on www.arcusip.com.

About FixMap
FixMap was founded in 2018 by Piotr Muszyński, a manager with experience in both the telecommunications industry and business consulting. FixMap operates a buy-and-build strategy through M&A activity, with the objective of consolidating the fragmented Polish FTTH market. FixMap currently operates through 20 local subsidiaries, covering c. 270k homes passed with c. 100k homes connected across Poland (as of August 2024).


[1] As at 31 December 2024
[2] As at 31 December 2024

For media enquiries
Harriet.saywell-lee@arcusip.com
+44 20 7832 3433

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Date joined

June 2022

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Karol joined Arcus in June 2022 as a Senior Investment Executive. Prior to joining Arcus, Karol worked in the digital infrastructure origination team at Amber Infrastructure and in the infrastructure principal investments team at Macquarie Capital. Karol is a member of the Digital Origination Team. His infrastructure experience to date has been primarily focused on infrastructure origination.

Karol holds a BA in Accounting and Finance from University of Manchester.

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