M&A Deal Summary

Hexatronic Acquires USNet

On October 4, 2023, Hexatronic acquired technology hardware company USNet

Acquisition Highlights
  • This is Hexatronic’s 3rd transaction in the Technology Hardware sector.
  • This is Hexatronic’s 4th transaction in the United States.
  • This is Hexatronic’s 2nd transaction in Texas.

M&A Deal Summary
Date 2023-10-04
Target USNet
Sector Technology Hardware
Buyer(s) Hexatronic
Deal Type Add-on Acquisition

Target

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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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 11 of 11
Sector (Technology Hardware) 3 of 3
Type (Add-on Acquisition) 8 of 8
State (Texas) 2 of 2
Country (United States) 4 of 4
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 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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