Hexatronic acquires the German multimedia residence community

Hexatronic acquires the German multimedia residence community

Press launch
September 1, 2022
Gothenburg, Sweden

Hexatronic acquires the German multimedia residence community supplier homeway GmbH

Hexatronic Group AB (publ) (“Hexatronic”) has immediately, September 1, 2022, acquired 82% of the shares in homeway GmbH (“homeway”).

homeway offers an entire inhouse multimedia system for residence networking over fiber, LAN, coax, energy cable and Wi-Fi. The corporate works with builders and property builders, planners and installers. The corporate was based in 2002 and has roughly 25 workers primarily based in Coburg, Germany.

This acquisition will allow Hexatronic to broaden its providing within the German market and takes the providing all the way in which into the house.

The sellers are the founder and administration staff all of which can proceed of their present positions and also will stay as minority shareholders with 18 p.c of the shares of homeway. Hexatronic has an possibility to amass the remaining 18 p.c of the shares excellent in the course of the first half of 2026.

The acquisition is financed with a mix of accessible money and newly issued shares.

The acquisition has no important impression on Hexatronic’s earnings.

We’re very happy to welcome the homeway staff to Hexatronic Group. A passionate and extremely expert staff that has developed distinctive merchandise and options. Along with homeway, we’re nicely positioned to the seize alternatives within the rising German FTTH-market with a broader providing” says Henrik Larsson Lyon, CEO of Hexatronic Group.

With the sale of the bulk stake to the Hexatronic Group, we have the chance to obtain our formidable targets even quicker with a robust accomplice at our aspect. We’re wanting ahead to writing one other profitable chapter of homeway GmbH along with the brand new colleagues” says Peter Stegner, CEO of homeway GmbH.

New share subject

The Board of Administrators of Hexatronic has resolved, pursuant to the authorisation granted by the annual basic assembly on 5 Might 2022, on a problem in sort of 88,429 odd shares in Hexatronic as a part of the acquisition value for the acquisition of homeway.

The subscription value, which quantities to SEK 109.476 per share, corresponds to the common closing value for Hexatronic’s odd share on Nasdaq Stockholm throughout 30 days of buying and selling earlier than August 22, 2022.

By way of the brand new share subject, Hexatronic’s share capital will increase by SEK 884.29 to SEK 2,050,625.79. The variety of shares will after the brand new subject quantity to 205,062,579, of which 202,420,308 are odd shares and a pair of,642,271 are shares of sequence C. The variety of votes will, after the brand new subject, quantity to 202,684,535.

Gothenburg, September 1, 2022

Henrik Larsson Lyon
CEO Hexatronic Group

For extra data, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32

The knowledge was submitted for publication, by way of the company of the contact particular person set out above, at 15:00 CEST on 1 September 2022.
This can be a translation of the Swedish model of the press launch. When doubtful, the Swedish wording prevails.

Hexatronic creates sustainable networks everywhere in the world. We accomplice with clients on 4 continents – from telecom operators to community homeowners – and supply main, high-quality fiber know-how for each conceivable utility. Hexatronic Group (publ.) was based in Sweden in 1993 and the Group is listed on Nasdaq OMX Stockholm. Our international manufacturers embody Viper, Stingray, Raptor, InOne, and Wistom®.

  • 2022-09-01 Hexatronic acquires the German multimedia residence community supplier homeway GmbH