Hexatronic buys Baltronic Group OÜ, Toronics for wireless, FTTH expansion
Hexatronic Group AB says it has purchased Baltronic Group OÜ and Toronics Inc. The acquired companies, which share the same founder and chairman, offer active and passive products for fiber to the home (FTTH) and wireless applications. The acquisition price was not revealed.
Baltronic Group operates in the Baltics and Scandinavia; Hexatronic describes the Estonia-based company as the largest fiber-optic termination house in the Baltics. Toronics is based in Toronto and acts as a distributor to customers in Canada. Rommi Roosimaa heads the two companies and will join the Hexatronic Group with a focus on business development in Canada.
“Baltronic Group and Toronics have been trusted partners to us for many years and we are very pleased to welcome the team to the Hexatronic Group,” said Hexatronic CEO Henrik Larsson Lyon. “This acquisition will bring us a strong presence in the Baltics, skills and expertise in wireless network solutions where they have long experience, and gain us a footprint in the Canadian FTTH market as part of our North American growth strategy. Baltronic’s production facility will also increase our production capacity in Europe and bring us closer to a number of important markets and thereby increase our competitiveness.”
Nevertheless, Hexatronic says the acquisition “has no significant impact on Hexatronic’s earnings.” The deal was financed through a combination of a directed share issue to the seller and available cash.
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
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