The family-owned company is shifting up a gear in its expansion. The connectivity specialist has just set an interesting strategic acquisition in motion, strengthening with Ingun precisely the business that was already one of its strongest growth drivers in 2025. The news comes at an interesting time for the stock: following a strong rally and subsequent correction, the share price is increasingly showing signs of forming a bottom. This creates opportunities for investors looking to use a sideways trend to optimise returns. With the agreed acquisition of Ingun, which is also family-owned, Huber+Suhner is strengthening its position in testing and measurement technology. Completion is expected by the end of the third quarter. The German company develops, among other things, spring-loaded contact probes, test adapter kits and customised accessories used to test printed circuit boards, electronic devices, connectors and batteries. This complements Huber+Suhner’s existing portfolio with complementary technologies and gives it additional access to existing and adjacent markets. Ingun generated revenue in the high double-digit million range in 2025. Following completion, the company will be managed as a separate business unit within the Industrial segment.
The acquisition fits the strategy of achieving profitable growth in technologically demanding niches. At the same time, Huber+Suhner is advancing its positioning in a second area of the future: infrastructure for cloud computing and artificial intelligence. Together with Microsoft Azure, the Group is investing in additional capacity for hollow-core fibre (HCF) cables and matching connectors. With this technology, light is transmitted predominantly through air rather than glass. This enables data transmission speeds of up to 47% faster and reduces latency between data centres and AI clusters. The collaboration with Microsoft dates back to 2017. Initial HCF solutions are already carrying live data traffic in the Azure network. Production volumes are now expected to gradually increase as the technology is deployed in additional Azure regions. Huber+Suhner manufactures the corresponding cables and patented connectors. The combination of cables and connectors enables integrated end-to-end solutions and could give the company an attractive position in the expansion of future hyperscale and metro networks.
The fact that the growth areas have substance was already evident in order intake in 2025. It jumped 13.7% to a record CHF 1.032 billion. The Industrial segment was particularly dynamic, with orders increasing by 16.2%, while in the Communications business, order intake rose by as much as 21.9% thanks to strong demand from the data centre sector. The order intake-to-sales ratio there reached a strong 1.52. The strong Swiss franc, however, left its mark on revenue. Group sales declined by 3.3% to CHF 864.1 million. The company nevertheless performed better on the earnings side: EBIT increased by 4.9% in the past financial year to CHF 90.8 million, lifting the margin from 9.7% to 10.5%. This was accompanied by a comfortable equity ratio of 77.9%.
For the current year, management expects organic revenue growth of at least 10%. The EBIT margin is expected to be in the upper half of the medium-term target range of 9% to 12%. The Data Center, Aerospace & Defense and Rail Communications initiatives are expected to provide particular tailwinds. The strong order backlog also points to further growth. Risks remain geopolitical conflicts, trade barriers, exchange rates and a potential reluctance among customers to invest. Huber+Suhner will provide its first insight into the current financial year on 18 August when it publishes its half-year results. This will show how much of the strong order momentum has already translated into revenue and earnings.
The Huber+Suhner share was among the high-flyers on the Swiss stock market in the first half of this year. By early June, the share price had doubled. It subsequently underwent a sharp correction, which has now resulted in a bottoming process at around CHF 190. Investors who initially expect the share to remain stable or trade sideways can use this breather with the new Callable Barrier Reverse Convertible. The product pays a coupon of 12% p.a. and has a barrier at 59% of the initial level. The maximum maturity of 1.25 years may be shortened due to the callable feature. The first early redemption is possible in February 2027. If the barrier remains intact, the product will be redeemed at 100%. If the barrier is breached and the share is trading below the strike price at maturity, however, investors may receive delivery of the shares. The subscription period ends on 11 August, before the publication of the half-year report.
Trading-oriented investors can also use leveraged long or short products to bet on the upcoming half-year results and a potential breakout from the bottoming formation. Leonteq’s range of leveraged products includes Warrants and Mini-Futures, allowing investors to take targeted positions in either direction. However, due to the leverage effect, investors must also be prepared for losses of up to and including a total loss.
We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: 058 800 11 11, email info@leonteq.com or contact us here.