Hexatronic acquires the German multimedia home network provider homeway GmbH
September 01 2022 - 9:00AM
Hexatronic acquires the German multimedia home network provider
homeway GmbH
Press release September 1, 2022Gothenburg, Sweden
Hexatronic acquires the German multimedia home network
provider homeway
GmbH
Hexatronic Group AB (publ) (“Hexatronic”) has today, September
1, 2022, acquired 82% of the shares in homeway GmbH
(“homeway”).
homeway provides a complete inhouse multimedia system for home
networking over fiber, LAN, coax, power cable and Wi-Fi. The
company works with builders and property developers, planners and
installers. The company was founded in 2002 and has approximately
25 employees based in Coburg, Germany.
This acquisition will enable Hexatronic to broaden its offering
in the German market and takes the offering all the way into the
home.
The sellers are the founder and management team all of which
will continue in their current positions and will also remain as
minority shareholders with 18 percent of the shares of homeway.
Hexatronic has an option to acquire the remaining 18 percent of the
shares outstanding during the first half of 2026.
The acquisition is financed with a combination of available cash
and newly issued shares.
The acquisition has no significant impact on Hexatronic’s
earnings.
“We are very pleased to welcome the homeway team to Hexatronic
Group. A passionate and highly skilled team that has developed
unique products and solutions. Together with homeway, we are well
positioned to the capture opportunities in the growing German
FTTH-market with a broader offering” says Henrik Larsson Lyon, CEO
of Hexatronic Group.
“With the sale of the majority stake to the Hexatronic Group, we
have the opportunity to achieve our ambitious goals even faster
with a strong partner at our side. We are looking forward to
writing another successful chapter of homeway GmbH together with
the new colleagues” says Peter Stegner, CEO of homeway GmbH.
New share issue
The Board of Directors of Hexatronic has resolved, pursuant to
the authorisation granted by the annual general meeting on 5 May
2022, on an issue in kind of 88,429 ordinary shares in Hexatronic
as part of the purchase price for the acquisition of homeway.
The subscription price, which amounts to SEK 109.476 per share,
corresponds to the average closing price for Hexatronic’s ordinary
share on Nasdaq Stockholm during 30 days of trading before August
22, 2022.
Through the new share issue, Hexatronic’s share capital
increases by SEK 884.29 to SEK 2,050,625.79. The number of shares
will after the new issue amount to 205,062,579, of which
202,420,308 are ordinary shares and 2,642,271 are shares of series
C. The number of votes will, after the new issue, amount to
202,684,535.
Gothenburg, September 1, 2022
Henrik Larsson LyonCEO Hexatronic Group
For more information, please
contact:Henrik Larsson Lyon, CEO
Hexatronic Group, +46 706 50 34 00Pernilla Lindén, CFO
Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the
agency of the contact person set out above, at 15:00 CEST on 1
September 2022. This is a translation of the Swedish version of the
press release. When in doubt, the Swedish wording prevails.
Hexatronic creates sustainable networks all over the world. We
partner with customers on four continents – from telecom operators
to network owners – and offer leading, high-quality fiber
technology for every conceivable application. Hexatronic Group
(publ.) was founded in Sweden in 1993 and the Group is listed on
Nasdaq OMX Stockholm. Our global brands include Viper, Stingray,
Raptor, InOne, and Wistom®.
- 2022-09-01 Hexatronic acquires the German multimedia home
network provider homeway GmbH
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