Genexis – a European market specialist in home gateways for fibre-to-the-home – has acquired the CPE (Customer Premises Equipment) business unit of PacketFront. 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.”