Eltek Holding AS and Heimgard Technologies AS Announce Sale of Residential Wi-Fi Business to Genexis.
Eltek Holding AS, a privately owned investment company based in Oslo and its subsidiary, Heimgard Technologies AS, today announces the sale of Heimgard’s European residential Wi-Fi business to Genexis, a leading provider of residential broadband solutions. This strategic transaction enables Heimgard to sharpen its focus on advancing Wi-Fi technology and innovation, while leveraging our common extensive distribution network.
Under the agreement, Genexis will acquire Heimgard’s ELITE series of Wi-Fi gateways and routers, the HOME series of EasyMesh extenders, existing customer contracts and sales channels across Europe, and Heimgard’s Oslo-based product and software team.
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Strengthening Growth and Market Reach
Lars Jervan, CEO of Eltek Holding, on the acquisition
“As part of our ongoing strategic review, we have identified opportunities to accelerate the continued growth and success of Heimgard’s innovative Wi-Fi portfolio,” says Lars Jervan, CEO of Eltek Holding AS. “Through this process, we found that Genexis – a well-established leader in residential broadband solutions – is the ideal owner to take Heimgard’s technology to the next level.”
Heimgard Technologies’ CEO, Trond Hovind, adds:
“Joining forces with Genexis is a natural evolution for our business. We are confident that this transition will expand our market reach and drive faster product innovation. Our longstanding collaboration with Genexis on the software side ensures a smooth integration and continuity for our customers.”
Seamless Transition for Customers
Heimgard and Genexis have collaborated since 2020, with Heimgard’s European portfolio built on Genexis’ award-winning IOWRT software. This strong foundation guarantees that existing customers will continue to receive high-quality support and an expanded range of cutting-edge solutions.
“Our shared focus has always been on delivering whole-home managed Wi-Fi solutions, where the gateway plays a key role in enabling high-quality connectivity services,” says Conny Franzen, Head of Genexis’ Connected Home Business. “With the addition of Heimgard’s well-designed product portfolio, Genexis customers will gain new options to deliver advanced connectivity services to end-users.”
