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  5. Hexatronic Acquires ATG

M&A Deal Summary

Hexatronic Acquires ATG

On September 1, 2023, Hexatronic acquired technology hardware company ATG

Acquisition Highlights
  • This is Hexatronic’s 2nd transaction in the Technology Hardware sector.
  • This is Hexatronic’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2023-09-01
Target ATG
Sector Technology Hardware
Buyer(s) Hexatronic
Deal Type Add-on Acquisition

Target

ATG

North Shore City, New Zealand
ATG specializes in optical cable, fiber connectivity, hand tools, fusion splicers, and test & measurement, while its core strength lies in executing industrial, infrastructure, and enterprise projects with precision. ATG is based in North Shore City, New Zealand.

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Buyer(S) 1

Buyer

Hexatronic

Göteborg, Sweden
Category Company
Founded 1972
Sector Technology Hardware
Employees1,997
Revenue 7.6B SEK (2024)
DESCRIPTION

Hexatronic is a technology group specializing in fiber communications. The company 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 systems 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, Finland, the United Kingdom, Germany, China, New Zealand, and the US. Hexatronic was founded in 1972 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 10 of 11
Sector: Technology Hardware M&A 2 of 3
Type: Add-on Acquisition M&A Deals 7 of 8
Country: New Zealand M&A 1 of 1
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Fibron

Hoddesdon, United Kingdom

Fibron specializes in umbilical cables and other subsea specialty cables manufacturing primarily utilized by offshore oil and gas, renewables, ROV, defense, and diving sectors. The company has considerable in-house design expertise and manufacturing facilities capable of producing a broad range of products. Its track record ensures the provision of cable or umbilical solutions for most situations, and expertise and experience in this field of operation. Fibron was founded in 1987 and is based out of Hoddesdon, North of London, UK.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 USNet

Arlington, Texas, United States

USNet provides cabling solutions encompassing fiber and copper for diverse projects. The company expanded to offer relocation services, cable bundle fabrication, in-house rack & stack services, and on-site technicians, achieving notable revenue growth and maintaining consistent ownership. USNet was formed in 2001 and is based in Arlington, Texas.

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