Hexatronic completes previously announced acquisition of KNET
December 01 2022 - 11:30AM
Hexatronic completes previously announced acquisition of KNET
Press release December 1, 2022Gothenburg, Sweden
Hexatronic completes previously
announced acquisition of KNET
Hexatronic Group AB (publ) ("Hexatronic") has today, December 1,
2022, completed the previously announced acquisition of KNET CO.,
LTD ("KNET") - one of the global leaders within microduct solutions
for the telecommunication industry.
With the acquisition of KNET, Hexatronic will get access to a
high quality and high-volume production plant strategically located
to serve Hexatronic’s businesses in North America, Europe and
Oceania.
The acquisition was announced on November 24, 2022 and took
place via a transfer of shares and includes the land and buildings
of the production plant. KNET will be consolidated into the
Hexatronic Group from December 1, 2022.
The acquisition has been fully financed with a senior bank
loan.
Gothenburg, December 1, 2022
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 17:30 CET on
December 1, 2022. 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®.
- 2022-12-01 Hexatronic completes previously announced
acquisition of KNET
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