Hexatronic Group has acquired New Zealand fibre equipment supplier, ATG Technology Group. The acquisition is designed to complement Hexatronic’s existing subsidiary with operations in Australia (Optical Solutions Australia - OSA). It is also designed to further enrich Hexatronic's portfolio and expand its presence in the New Zealand market.
Spanning optical cable, fibre connectivity, hand tools, fusion splicers and test and measurement equipment, ATG aligns with Hexatronic's growth roadmap as a complementary add-on to OSA. OSA and ATG currently share a number of supply partners, with the acquisition expanding ATG’s range to include more of OSA's partners and technology solutions. ATG today has six employees and an annual revenue of approximately $3m (NZ).
Henrik Larsson Lyon, CEO of Hexatronic Group says:"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 fibre 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.”
Chris Fitzpatrick, CEO of ATG adds: "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.”
