Hexatronic completes previously announced acquisition of Blue Diamond Industries
02 Jan 2018
Hexatronic Group AB (publ) (“Hexatronic”) has today, January 2, 2018, completed the previously announced acquisition of Blue Diamond Industries LLC (“BDI”), headquartered in Lexington, USA. BDI manufactures High Density Polyethylene (HDPE) conduits and ducts for the telecommunications and power markets.
The acquisition significantly strengthens Hexatronic’s presence on the North American market. The business will be run as an independent company within the Group, with full responsibility for the value chain from sales to delivery and aftermarket.
The acquisition was originally announced on December 4, 2017, and took place via a transfer of shares from the vendors comprising the BDI management group. BDI will be consolidated into the Hexatronic Group from January 2, 2018.
Danske Bank has provided committed credit facilities securing long term financing for the acquisition.
Lexington, US, January 2, 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™, Drytech™, Lightmate®, FibreHub™, 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, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit www.hexatronicgroup.com.