Accent Equity-backed Inteno bolts on Genexis

Inteno Broadband Technology, the gateway division of the Stockholm-headquartered wider Inteno group, has bought Genexis and its subsidiaries based in the Netherlands, Germany and Sweden.

Gerlas van den Hoven, current CEO of Genexis, will stay on with the business and take over the full responsibility for the gateway company, while Conny Franzén will continue as CEO of Inteno, focusing on the overall group strategy and potential add-on acquisitions.

The companies will continue to operate independently and keep their brands' names for the time being. Following the merger, the combined group expects to generate revenues of €60m.

Accent acquired Inteno from Swedish corporate group Kamic in April 2016. The GP deployed capital from its SEK 3.8bn Accent Equity 2012 fund to finance the transaction.

Company
Headquartered in Eindhoven, Genexis is a developer and supplier of equipment for fibre internet connections. The company was founded in 2002 and makes fibre-to-the-home equipment for customer premises, such as routers, switches and gateways. Genexis has subsidiaries and offices in the Netherlands, Germany and Sweden.

People
Inteno Group – Conny Franzén (CEO).
Genexis – Gerlas van den Hoven (CEO).

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