Hexatronic Group AB has acquired ATG Technology Group Limited, which complements an existing subsidiary with operations in Australia (Optical Solutions Australia – OSA). The acquisition also further enriches Hexatronic’s portfolio and expands Hexatronic’s presence in New Zealand market where Hexatronic already has a subsidiary that delivers passive fibre optic system solutions and has its own local microduct production facility.
Spanning optical cable, fibre connectivity, hand tools, fusion splicers and test & measurement, ATG aligns with Hexatronic’s growth roadmap as it serves as a complementary add-on to OSA, a current company within Hexatronic umbrella with operations in Australia. OSA and ATG currently share a number of supply partners, with acquisition expanding ATG’s range to include more of OSA’s partners and technology solutions. ATG presently has six employees and an annual revenue of approximately 3 MNZD (€1.65 million).
“We’re excited to announce the acquisition of ATG, the next step in our journey towards expanding our geographic footprint and reinforcing our position in the New Zealand fiber market. The acquisition opens avenues for synergies with our existing company, OSA, and strengthens our presence in the region. By integrating ATG’s experience and expertise, we’re well-positioned to offer an even broader range of solutions and enhance the value we provide to both our customers and our portfolio,” says Henrik Larsson Lyon, CEO of Hexatronic Group.
“We have built a loyal and supportive customer base over the last 25 years, and joining the Hexatronic group will allow us to expand our offering to further service our existing and new customers. I look forward to working with the OSA team that I have known for several years. Their experience as a Hexatronic Group company gives me confidence that the ATG entrepreneurial spirit and its people will be greatly valued,” says Chris Fitzpatrick, CEO of ATG.
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