Hexatronic completes previously announced acquisition of REHAU Telecom
October 01 2021 - 11:30AM
Hexatronic completes previously announced acquisition of REHAU
Telecom
Hexatronic Group AB
(publ)
556168-6360
Press Release
October 1,
2021
Hexatronic completes previously
announced acquisition of REHAU
Telecom
Hexatronic Group AB (publ) (“Hexatronic”) has today, October 1,
2021, completed the previously announced acquisition of all telecom
activities of REHAU Group (“REHAU Telecom”) - one of the main
players in the German microduct market.
The acquisition is highly strategic for Hexatronic Group. The
German FTTH (Fibre to the Home) market is in an early phase of a
large expansion. By combining the capabilities of REHAU Telecom’s
microduct business with Hexatronic’s complete passive FTTH solution
Hexatronic will become a major player in the growing FTTH market in
Germany.
The acquisition was announced on July 14, 2021, and took place
via an asset deal including the sales & marketing and product
management activities foremost in Germany, as well as the microduct
plant in Neulengbach, Austria, including the land and buildings of
the production site. REHAU Telecom will be consolidated into the
Hexatronic Group from October 1, 2021.
The acquisition has been fully financed with a loan from Danske
Bank.
Gothenburg, October 1, 2021
Henrik Larsson LyonCEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34
00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the
agency of the contacts set out above, at 5:30 pm CET on October 1,
2021.
Hexatronic Group AB (publ) is a group that develops, markets and
delivers products, components and system solutions with the main
focus on the fiber optic market. Hexatronic offers a wide range of
innovative system and product solutions mainly for passive fiber
optic infrastructure with global trademarks like Matrix, Viper,
Stingray, Raptor, InOne, Drytech™, Lightmate®, Skyline and Wistom®.
The Group has its headquarters in Gothenburg, Sweden and has sales
offices and/or subsidiaries in Sweden, Norway, Denmark, Finland,
United Kingdom, the Netherlands, Italy, Estonia, Latvia, Lithuania,
Germany, China, New Zealand, Australia, US and Canada. The Group is
listed on Nasdaq Stockholm under the ticker HTRO. For more
information, visit https://group.hexatronic.com/en.
- 2021-10-01 Hexatronic completes previously announced
acquisition of REHAU Telecom
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