August 14, 2014

Proximion Acquired by Hexatronic in a Strategic Move

 

Kista, Sweden, Proximion AB, a world-class provider of Fiber Bragg Grating (FBG) based products, announces the sale of all shares to Hexatronic Scandinavia AB.

Proximion will continue to operate as an independent company within the Hexatronic group but leverage the synergies that exist with the other companies in the Hexatronic group.

The advantage of becoming part of larger group controlled by Hexatronic was the key reason for this transaction. We gain access to a larger sales channel network and as a supplier the combined product portfolio increases the product offering which will benefit our customers. We also see an interesting growth potential both organically and through acquisitions that is enabled by being part of a larger listed industrial entity. As my insight into the Hexatronic group has increased during the process I have become convinced that the possibility for us to improve our product offering and further international expansion will be reinforced as a part of the Hexatronic group
— Martin Åberg, CEO at Proximion

About Proximion AB
Proximion AB is a world-class provider of optical modules and sub-systems based on Fiber Bragg Grating (FBG) technology. The combination of these unique optical devices with the truly innovative skills of the Proximion team, enables novel cutting edge applications in a variety of markets.

 

E.g. Proximion holds the markets widest FBG-based portfolio of Dispersion Compensation Modules (DCM). The portfolio ranges from single channel modules to complex continuous band modules which are used to eliminate the residual dispersion in Submarine Networks or to enable powerful and cost effective dispersion compensation in coherent systems.

Proximion has pioneered the design, manufacturing, and application of advanced FBGs which enables manufacturing of FBGs with virtually any filter characteristics.

About Hexatronic Scandinavia AB
Hexatronic Scandinavia AB (publ) is a leading provider of innovative products and solutions for optical communication. The group consists of Hexatronic Cables & Interconnect Systems AB, Hexatronic Elektronik & Data, The Blue Shift AB and Memoteknik. All these individual companies develop, market and supply products for optical networks. The customer set includes operators, dark fiber providers, system vendors, resellers, and system integrators. Hexatronic Scandinavia is headquartered in Gothenburg and the Hexatronic group has 120 employees. Hexatronic had a revenue of 360 MSEK (approx. 55 MUSD) during its first 9 months for the fiscal year of 2013/14 (1 sept 2013 to 31 aug 2014) with an EBITDA margin of 12%. The Hexatronic group is listed on Nasdaq OMX First North with the ticker HTRO.

Media Contacts:
Martin Åberg, CEO, Proximion
Phone: +46 70 350 66 05
E-mail: Martin.Aberg@proximion.com