Hexatronic Group AB (publ) (“Hexatronic”) has today, June 8, 2018, completed the previously announced acquisition of Professional Quality Management Services Ltd. (“PQMS”), a United Kingdom based training provider for the telecommunications, electric/gas and health/safety markets.
Read the original press release here.
As part of the transaction Hexatronic also acquires UK-based Smart Awards Limited (“Smart Awards”) and Gordon Franks Training Limited (“Gordon Franks”).
The acquired companies significantly strengthens Hexatronic’s position and local offering on the growing UK-market. The acquisition complements Hexatronic’s strong FTTH system offer to the UK market and enhances Hexatronic Group’s business area training.
The acquisition was originally announced on June 1, 2018 and took place via a transfer of shares from the directors of PQMS. The acquired companies will be consolidated into the Hexatronic Group from June 8, 2018.
The acquisition is financed through a revolving credit facility provided by Danske Bank.
United Kingdom, June 8, 2018
Henrik Larsson Lyon
CEO Hexatronic Group
