Hexatronic completes acquisition of Rochester Cable
March 03 2023 - 5:00PM
Hexatronic completes acquisition of Rochester Cable
Press release March 3, 2023Gothenburg, Sweden
Hexatronic completes acquisition
of Rochester Cable
Hexatronic Group AB (publ.) ("Hexatronic") has today, March 3,
2023, completed the previously announced acquisition of Rochester
Cable – one of the main designers and manufacturers of harsh
environment electro-optical cables in the U.S., from TE
Connectivity Corporation. The acquisition was announced October 3,
2022, and we have received regulatory approval.
The acquisition broadens Hexatronic’s offering within fiber
optic submarine communication cables to include dynamic working
cables that can transmit both data and power.
The acquisition includes all business activities, land, and
buildings, including manufacturing facilities.
The acquisition has been fully financed with a senior bank
loan.
Gothenburg, March 3, 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 23:00 CET on March
3, 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®.
- 2023-03-03 Hexatronic completes acquisition of Rochester
Cable
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