Seliro’s subsidiary Tilgin will be separated from Seliro and join forces with Genexis Group. Genexis has grown rapidly in Europe and today has operations in nine countries. Genexis offers user-friendly and easy-to-install fiber-speed Customer Premises Equipment. The products are based on market-leading fiber and WiFi technology, and provide the best broadband experience to the consumer at the lowest total cost of ownership for the network operator. Genexis customers are amongst others KPN, Altibox, Telia, TDC, Global Connect, Deutsche Glasfaser, and Adamo.
“Tilgin has a strong brand, and just like Genexis, has built close relationships with their customers that we will take good care of,” says Gerlas van den Hoven, CEO of Genexis. “Due to the changes in work and life patterns and the increased data consumption, we are seeing a large uptake in fiber-speed broadband, resulting in a strong increase in demand for our products, especially in the fiber-to-the-home and WiFi areas.”
Operationally, the companies will continue to run their business as before, with a step-by-step integration of Tilgin into the Genexis organization.
The past year has shown how crucial a good broadband connection and reliable WiFi are for our working lifes, studies, contacts with authorities, and health care, as well as for the entire economic development. Within the EU, major investments are being made to ensure that citizens have access to reliable Gigabit Internet. The WiFi Alliance recently published a report pointing out that the economic value of WiFi in EU is estimated to exceed $600 billion by 2025, an increase of almost 40% counting from today. Achieving our digitization goals requires standardized and scalable solutions with high quality, user-friendliness and security. In Europe, the number of households with access to fiber is expected to double from the current 100 million to 200 million households in 2025. The Inteno Group has a strong position in this market and delivers both products and software that solve concrete needs while achieving the long-term goals.