Munich's aconnic secures €4M convertible to fund €42M order backlog
What's the deal? aconnic AG, a Munich-based network equipment maker, has closed a €4 million convertible financing with a strategic investor to fund components and raw materials for existing customer orders. The first tranche of €2.5 million has been paid in and is fully available.
The terms: The financing is secured and runs until March 30, 2027, with interest and repayment due at maturity. The investor holds an option to convert into equity via a capital increase at €1.00 per share.
Why now? aconnic's order backlog stands at €42 million, and it booked roughly €30 million in new orders in the first half of 2026. The new capital addresses the working capital those orders require.
What's the endgame? After revenue declines in 2024 and 2025, the company ran a restructuring project that cut annual fixed costs by about €5 million. It also built products for 10 and 100 Gigabit connectivity and quantum-safe network security, aimed at telecom operators, utilities, and data centres.
The founder's view: "With the successful completion of this financing, we have reached an important milestone in fulfilling our existing and increasing order intake and thus generating growth," said chief executive officer Werner Neubauer. The focus, he added, is on delivering orders and growing profitably on a leaner cost base.
The signal: Coming close on the heels of financing plans announced in May 2026, the deal marks a quick re-raise as aconnic converts a rebuilt product line into revenue. It also feeds Europe's push for technological autonomy in critical network infrastructure, where aconnic counts Deutsche TelekomDealroom has a profile for this one. Try Dealroom →, Orange, and SwisscomDealroom has a profile for this one. Try Dealroom → among its customers.
Read more: ad-hoc-news.de
