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Award-winning Scandinavian Ethernet test solutions vendor inks investment agreement with Maj Invest Holding A/S to accelerate international expansion.
In April 2016, Xena signed an investment agreement with Maj Invest Holding A/S as part of a long-term global expansion plan. Maj Invest Holding A/S provided growth capital and became a minority investor in Xena Networks.
Three years later – in November 2019 – a second investment round was accepted to accelerate Xena’s entry into high-growth markets for Ethernet test solutions in data centers, 5G cellular networks, autonomous cars, and industrial Internet-of-Things (IoT).
Jacob Vestergaard Nielsen, CEO and founder of Xena Networks:
“The agreement with Maj Invest Holding A/S is an important step towards this goal and will enable Xena to expand its product development capabilities and rapidly boost its sales presence in strategic regions.”