United States

Hexatronic Group acquires OpticReach

Friday, 15 Jan 2016 10:10am EST 

Hexatronic Group AB:Acquires OpticReach Ltd, company active in UK in fiber optic system solutions and components​.Fixed purchase price amounts to 800,000 British pounds or equivalent of about 9.8 million Swedish crowns.Purchase price will be paid in cash (30 pct) and through issue of new shares (70 pct).Acquisition is financed with own funds and non-cash issue.Agreeement includes a potential additional payment consisting of 70 pct and 30 pct of next two fiscal years EBITDA result exceeding 100,000 pounds respectively. 

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