HUBER+SUHNER completes acquisition of BKtel Group
Ad hoc announcement pursuant to Art. 53 LR
The acquisition of BKtel by HUBER+SUHNER was completed on 3 December 2019. All activities will be integrated into the HUBER+SUHNER Fiber Optics technology segment. The acquisition will be financed exclusively from the company's own funds.
At the beginning of October 2019, HUBER+SUHNER announced the takeover of the BKtel Group headquartered in Hückelhoven-Baal (GER). The German Federal Cartel Office’s necessary decision has been made without further conditions. The transaction was completed on 3 December 2019 for a purchase price of around EUR 48 million.
BKtel has three locations in Germany and holds majority participations in two companies in France and Japan. BKtel develops, manufactures and implements active and passive components for broadband networks and has extensive expertise in fiber-to-the-home (FTTH), hybrid fiber coax (HFC) and distributed access architecture (DAA) as well as optical signal processing.
The acquired BKtel companies now operate under the names HUBER+SUHNER BKtel GmbH, HUBER+SUHNER BKtel networks GmbH and HUBER+SUHNER BKtel components GmbH.
Dr. Jürgen Seidenberg, one of the co-founders, will remain the CEO of BKtel.
All employees of BKtel and the entire range of activities will be taken over by HUBER+SUHNER AG, where they will be integrated into the Fiber Optics technology segment as a business unit and competence centre.
HUBER+SUHNER AG
Patrick G. Köppe
Head Corporate Communications
Tumbelenstrasse 20
8330 Pfäffikon ZH
Switzerland
+41 44 952 25 60
pressoffice@hubersuhner.com
hubersuhner.com
Media release (PDF)