📋 Tender Overview
Hexatronic Group AB publ Hexatronic has completed the previously announced acquisition of KNET CO. LTD KNET - one of the global leaders within microduct solutions for the telecommunication industry.With the acquisition of KNET Hexatronic will get access to a high quality and high-volume production plant strategically located to serve Hexatronics businesses in North America Europe and Oceania.The acquisition was announced on November 24 2022 and took place via a transfer of shares and includes the land and buildings of the production plant. KNET will be consolidated into the Hexatronic Group from December 1 2022.The acquisition has been fully financed with a senior bank loan.The information was submitted for publication through the agency of the contact person set out above at 1730 CET on December 1 2022. This is a translation of the Swedish version of the press release. When in doubt the Swedish wording prevails.
