HUBER+SUHNER Acquires BKtel Group of Germany

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HUBER+SUHNER recently announced the signing of a purchase agreement to acquire BKtel of Germany. 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 $51 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. 

The product range includes optical transmission devices such as transmitters, amplifiers and receivers as well as cable TV headends and radio frequency amplifiers. The company also plans, installs and commissions these systems for network operators. BKtel achieves the majority of its sales in Germany. An additional boost in this geographic core market is likely to come from the German government’s plans to expand the broadband network. 

December 23, 2019

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