Hexatronic completes previously announced acquisition of Opternus GmbH
Hexatronic Group AB (publ)
556168-6360
Press Release November 1, 2018
Hexatronic completes previously announced acquisition of Opternus GmbH
Hexatronic Group AB (publ) ("Hexatronic") has today, November 1, 2018, completed the previously announced acquisition of the German fiber optic company Opternus GmbH ("Opternus"), which operates in sales, training and service of fiber optic fusion splicing and measuring equipment for fiber optic communication networks.
Opternus is strategically a very important acquisition for Hexatronic in the vision of becoming a reliable, long-term player on the rapidly growing German market.
The acquisition was originally announced on October 25, 2018 and took place via a transfer of shares. Opternus will be consolidated into the Hexatronic Group from November 1, 2018.
The acquisition is financed through a combination of a senior bank loan and a revolving credit facility provided by Danske Bank.
Germany, November 1, 2018
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
· Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure with global trademarks like Ribbonet®, Micronet(TM), Drytech(TM), Lightmate®, FibreHub(TM), Matrix, Viper, Stingray and Wistom®. The Group has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Finland, United Kingdom, Germany, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.
Hexatronic completes acquisition of Opternus
This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexatronic Group AB via GlobeNewswire
HUG#2223339
