Read the original press release here.
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 Lyon
CEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
Pernilla 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.