Hexatronic Group
Hexatronic achieves commercial success in Germany – wins 40 MSEK FTTH business (GlobeNewswire)
Hexatronic Group AB (publ)
556168-6360
Press Release August 14, 2019
Hexatronic achieves commercial success in Germany – wins 40 MSEK FTTH business
Hexatronic GmbH, a wholly owned subsidiary of Hexatronic Group AB, has recently signed several FTTH contracts on the German market amounting to a total order value of approximately 40 MSEK. The main part is system sales for delivery in the next 12 months.
Hexatronic established a local presence in Germany through the foundation of Hexatronic GmbH in March 2018. Hexatronic GmbH operates in marketing and sale of Hexatronic’ s FTTH system Matrix, comprising micro cables, micro ducts and network products. In November 2018 Hexatronic expanded on the German market via the acquisition of Opternus GmbH. Opternus GmbH operates in sales, training and service of fiber optic fusion splices and measurement equipment.
“Germany is one of our prioritized markets that we are convinced will experience continued growth for a long period of time. Therefore, we are pleased to have closed several FTTH businesses. A number of the contracts are pilot projects that we expect to develop to larger businesses in the next phase”, says Henrik Larsson Lyon, Hexatronic’s Chief Executive Officer.
Gothenburg, August 14, 2019
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
This is information that Hexatronic Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 18.30 CET on August 14 2019.
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 Ribbonet®, Micronet™, Drytech™, Lightmate®, FibreHub™, Matrix, Viper, Stringray, Raptor, InOne and Wistom®. The Group has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Finland, United Kingdom, Germany, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.
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