Swedish Fiber and connectivity firm Hexatronic has acquired parts of an Icelandic data center services company.

Hexatronic Group this week announced it has signed a letter of intent to acquire parts of Endor, a data center services unit owned by Icelandic company Sýn.

The acquisition will bring Hexatronic a customer base across Iceland, Sweden, and Germany. The deal is expected to close in the Fall. Less than five employees will be transferred in the deal.

"The business we are acquiring focuses on hybrid IT solutions for larger organizations that manage an ever-growing amount of data today. It is an attractive part of the market and means that we are now broadening our data center offering with end-to-end solutions, including hardware and managed services," said Martin Åberg, deputy CEO of Hexatronic.

Icelandic Stock Exchange-listed Sýn is an Icelandic company formed by the merger of Vodafone Iceland and former 365 broadcast media. It operates Vodafone Iceland (Vodafone Group owns no part of the telco) as well as several TV and radio stations.

“It is a pleasure to have such a strong player take over the torch in providing solutions for data center and high-performance computing,” said Herdís Dröfn Fjeldsted, CEO of Sýn hf. “The transaction primarily affects Endor's international operations and large domestic customers who utilize specialized hyper-converged solutions. Our local customers will, therefore, continue to be mostly managed by Endor ehf, a subsidiary of Sýn hf. We hope this journey and future cooperation with Hexatronic will further strengthen our solutions portfolio for our valuable customers.”

Founded in 2015, Endor was acquired by Sýn in 2019. It also operates in Sweden (EC Sweden AB, founded 2019) and Germany (EC Germany GmbH, founded 2020). Customers include Icelandair and Ís­lands­hótel.

In its Q1 2024 results, posted in May, Sýn’s hosting and operating solutions business (aka Endor) saw revenues of ISK 708 million ($5.1m) for the quarter, an increase of 0.8 percent year-over-year. Endor was described as “one of Sýn’s growth drivers.”

Hexatronic said data centers are one of the company’s focus areas, and accounted for 14 percent of the group's sales in the first quarter of this year. The company offers cabling and installation, consulting, and other professional services. It also offers a range of passive fiber optic infrastructure; as well as data centers, Hexatronic’s units include Fiber Solutions, Wiress, Harsh Environment, and Training. Hexatronic Group consists of 37 operational entities.