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HUBER+SUHNER have signed a purchase agreement to acquire German fiber optic specialist BKtel for approximately $50 million. The deal is subject to the approval of the German Bundeskartellamt (Federal Cartel Office) and is expected to close in December. The acquisition will be financed exclusively from the company’s own funds.
BKtel has three locations in Germany and holds majority participations in two companies in France and Japan. The company was founded in 1997 as part of a management buy-out by former employees of Alcatel Kabel Deutschland. In addition to the founders, who own the majority of BKtel, BWK Unternehmensbeteiligungsgesellschaft is also among the owners. The company’s product range includes optical…READ MORE