Hexatronic completes acquisition of Fibron
18 Agosto 2023 - 1:00PM
Hexatronic completes acquisition of Fibron
Press release August 18, 2023Gothenburg, Sweden
Hexatronic completes acquisition of
Fibron
Hexatronic Group AB (publ.) ("Hexatronic") has today, August 18,
2023, completed the previouslyannounced acquisition of Fibron BX,
LTD (“Fibron”), a leading original equipment manufacturer within
harsh environment electro-optical cables.
The acquisition was announced on June 28, 2023, and the
regulatory approval required to complete the deal was received in
August.
The acquisition allows for additional diversification of
Hexatronic’s business and strengthens Hexatronic’s position as a
comprehensive provider of high-quality umbilical products and
specialty underwater cables. Fibron's diverse portfolio delivers
services across sectors such as traditional energy markets
including renewables (wave, tidal & wind), ROV, defense, and
diving.
The acquisition has been fully financed through existing credit
facilities from Danske Bank and SEB.
Gothenburg, August 18, 2023
Henrik Larsson LyonCEO Hexatronic Group
For more information, please contact:Henrik
Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00Pernilla
Lindén, CFO Hexatronic Group, +46 708 77 58 32
The information was submitted for publication, through the
agency of the contact person set out above, at 18:00 CEST on August
18, 2023. This is a translation of the Swedish version of the press
release. When in doubt, the Swedish wording prevails.
Hexatronic creates sustainable networks all over the world. We
partner with customers on four continents – from telecom operators
to network owners – and offer leading, high-quality fiber
technology for every conceivable application. Hexatronic Group
(publ.) was founded in Sweden in 1993 and the Group is listed on
Nasdaq OMX Stockholm. Our global brands include Viper, Stingray,
Raptor, InOne, and Wistom®.
- 2023-08-18 Hexatronic completes acquisition of Fibron
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