Hills has entered into a binding agreement for the sale of its antenna business to the Australian owned and operated Bitek.
Under the agreement, which is subject to standard completion conditions, the family-run Bitek will take over the manufacture and sale of the Hills range of antennas, including the iconic Black Arrow, to become a leading supplier of products to the free-to-air, broadband, cable and pay television industries.
Hills managing director and chief executive officer David Lenz said Bitek was the ideal party to build on Hills’ 63 years of experience in the antenna industry in Australia and New Zealand.
“With more than 2 decades of local industry experience, Bitek is the perfect fit for our Antenna business,” Lenz said.
“We’re delighted the Hills name and its much-loved products will live on in the antenna industry, along with Hills’ commitment to providing the best support and services for our customers.”
Lenz said Hills would work closely with Bitek to ensure a successful, smooth handover of the business for customers and employees.
Meanwhile, Bitek managing director Kaz Bialecki said Bitek was excited by the opportunity to bring together the 2 leading players in the ATV and MATV industries and to continue the manufacture of Hills antennas in South Australia.
“With a combined sales and support team of 55 across Australian and New Zealand, customers of Hills and Bitek can expect a larger range of products – both Australian-made and the best from around the world – and even stronger sales and customer support,” Bialecki said.
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