M&A Deal Summary

Hexatronic Acquires Knet

On November 24, 2022, Hexatronic acquired communications company Knet for 63M USD

Acquisition Highlights
  • This is Hexatronic’s 3rd transaction in the Communications sector.
  • This is Hexatronic’s largest (disclosed) transaction.
  • This is Hexatronic’s 1st transaction in South Korea.

M&A Deal Summary
Date 2022-11-24
Target Knet
Sector Communications
Buyer(s) Hexatronic
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

Knet

Seoul, South Korea
Knet is focused on developing and manufacturing of microduct solutions for the telecommunication industry. The company helps implement the project from the very first step of network design to the installation phase, providing all the necessary technical training, service, and maintenance. Air-Blown Total Solution with Knet Microducts will guarantee the best performance even in the most severe conditions, and it will significantly reduce CapEX and OpEX in comparison with conventional fiber optic deployment techniques. Knet was formed in 2002 and is based in Seoul, South Korea.

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Buyer(S) 1

Buyer

Hexatronic

Göteborg, Sweden
Category Company
Founded 1972
Sector Technology Hardware
Employees1,991
Revenue 8.2B SEK (2023)
DESCRIPTION

Formed in 1993, 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, United Kingdom, Germany, China, New Zealand, and the US. Hexatronic Group was founded in 1972 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 8 of 11
Sector (Communications) 3 of 3
Type (Add-on Acquisition) 5 of 8
Country (South Korea) 1 of 1
Year (2022) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS 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
FOLLOWING 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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