Genexis acquires PacketFront CPE business
Stockholm and Eindhoven, February 2, 2012
Today, Genexis – European market leader in home gateways for fiber-to-the-home – announces it has acquired the CPE (Customer Premises Equipment) business unit of PacketFront. With effect of the 1st of February, all activities of the business unit will be fully integrated into Genexis and its new subsidiary – Genexis AB – based in Stockholm, Sweden.
“This acquisition marks an important step in Genexis’ ambition of becoming the leading supplier of home gateways to the fiber-to-the-home market worldwide,” says Gerlas van den Hoven, CEO of Genexis. “The PacketFront CPE business has played a determining role in the development of fiber- to-the-home networks. With the PacketFront business unit team and product portfolio, Genexis strengthens its leading position in the market. We will continue our strategy to provide FTTH operators and service providers with the most advanced, user-friendly, and cost-effective home gateways available.”
“With the divestiture of the CPE business unit, PacketFront can focus on its three remaining businesses, our FTTH Access Division, our FTTH Network Solution Division and PacketFront Software Solutions AB,’’ says Henrik Scharp, CEO of PacketFront. “In addition, PacketFront will now be able to offer an even more comprehensive portfolio of CPE products as part of its FTTH Network Solutions offering to existing and future direct customers as a distribution partner of Genexis.”
“Combining forces with Genexis creates the benchmark supplier and partner for FTTH network operators,” says Tom Andersen, the Managing Director of the newly formed Genexis AB. “Fiber-to- the-home is increasingly becoming the choice for communication providers worldwide. With our joint FTTH CPE portfolio and combined sale force we are uniquely positioned to support our existing and new customers in the best way.”
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Genexis is a trendsetting European company dedicated to the development, manufacturing and marketing of home gateways for fiber-to-the-home networks. Genexis’ design philosophy takes the full product lifetime into account: from investment and installation through to operation, Genexis’ products prove to deliver the lowest cost of ownership. At the same time, we focus on developing new concepts and products aimed to take full advantage of the benefits of optical fiber. Our customers are network operators throughout the world. Genexis’ solid technical knowledge and skills in fiber technology, Ethernet/IP and CATV networks, results in superior product performance. To meet and exceed our customers’ future expectations, Genexis participates in several innovative research programs. Genexis is headquartered in Eindhoven, the Netherlands – the centre of one of Europe’s key high-tech regions. For more information, please go to www.genexis.eu.
About the PacketFront Group
A pioneer of FTTH broadband networking, the PacketFront Group offers advanced complete purpose- built solutions for fiber-to-the-home (FTTH) networks as well as world leading FTTH Access, Customer Premises Equipment (CPE) and Broadband management software products. The PacketFront Group consists of three independent businesses all in the area of FTTH and high speed broadband and they are all technology leaders in their respective fields. For more information, please go to www.packetfront.com.