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Hexatronic achieves commercial success in Germany – wins 40 MSEK FTTH business

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.

Read the original press release here.

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.

Topic

Regulatory
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