M&A Deal Summary

Hexatronic Acquires IDS Group

On September 26, 2022, Hexatronic acquired information technology company IDS Group from Sterlite Technologies

Acquisition Highlights
  • This is Hexatronic’s 1st transaction in the Information Technology sector.
  • This is Hexatronic’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-09-26
Target IDS Group
Sector Information Technology
Buyer(s) Hexatronic
Sellers(s) Sterlite Technologies
Deal Type Divestiture

Target

IDS Group

Fleet, United Kingdom
IDS Group is a data center network infrastructure design and deployment specialist. IDS Group is based in the Fleet, United Kingdom.

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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 6 of 11
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: United Kingdom M&A 2 of 3
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Data Center Systems

Dallas, Texas, United States

Data Center Systems provides complete fiber connectivity system solutions including infrastructure design solutions, installation, and managed services. DCS manufactures reliable, scalable, high-performance standard and customized structured connectivity solutions primarily for the data center market. Data Center Systems was founded in 2002 and is based in Dallas, Texas.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Rochester Cable

Culpeper, Virginia, United States

Rochester Cable is a provider in the design and manufacture of electro-optical cables for operation in harsh environments. The cables are highly engineered to meet specific requirements in demanding industries such as oil and gas, sensing, defense, oceanographic, and subsea applications. Rochester Cable was founded in 1794 and is based in Culpeper, Virginia.

Buy $55M

Seller(S) 1

SELLER

Sterlite Technologies

Pune, India

Category Company
Founded 1988
Sector Technology Hardware
Employees1,050
Revenue 40.0B INR (2025)
DESCRIPTION

Sterlite Technologies is a provider of optical fiber and cables, hyper-scale network design, and deployment and network software. Sterlite Technologies was founded in 1988 and is based in Pune, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Clearcomm Group

Alvechurch, United Kingdom

Clearcomm Group provides end-to-end network integration solutions and capabilities in the UK. Clearcomm Group was founded in 2009 and is based in Alvechurch, United Kingdom.

Buy -