HUBER+SUHNER strengthens position in its core market WAN / Access Networks with the acquisition of the BKtel Group
HUBER+SUHNER signed the purchase agreement to acquire BKtel yesterday, 30 September 2019. BKtel has three locations in Germany and holds majority participations in two companies in France and Japan. With 150 employees, the company generates sales of around CHF 45 million. 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 (optical converters, amplifiers and fiber lasers). The purchase price is approximately CHF 50 million. Subject to the approval of the German Bundeskartellamt (Federal Cartel Office), the deal is expected to close in December. The acquisition will be financed exclusively from the company's own funds.