# Hexatronic acquires telecom microduct supplier KNET for $63M

Hexatronic Group AB has entered into a definitive agreement to acquire KNET CO., Ltd., a global specialist in microduct technology solutions, for an enterprise value of USD 63 million (fixed USD 48 million plus earn-out). The acquisition was announced on 24 November 2022.

- Type: Acquisition
- Announced: 2022-11-24
- Where: Seoul; Jeongeup-si, South Korea
- Value: $63.0M
- Status: announced
- Products: microduct technology solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Hexatronic](https://endata.com/companies/26337.md) (acquirer)
- [KNET CO., Ltd.](https://endata.com/companies/66929.md) (target)

## Sources

- [cablinginstall.com](https://www.cablinginstall.com/design-install/article/14286317/hexatronic-acquiring-telecom-microduct-supplier-knet-for-approximately-63-million), 2022-11-29: "Hexatronic Group AB on Nov. 24 announced that it has entered into a definitive agreement to acquire KNET CO., Ltd., a global specialist in microduct technology solutions for the telecommunication industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.