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VINGE ADVISES HEXATRONIC IN CONJUNCTION WITH ACQUISITION OF TD FIBEROPTIK

March 02, 2015

Vinge has advised Hexatronic Group AB (publ) listed on NASDAQ Stockholm First North in conjunction with the acquisition of all shares in Tele & Data Fiberteknik I Örebro AB. TD Fiberoptik manufactures and sells products and solutions for passive fiber networks primarily for the telecommunications market.  TD Fiberoptik has approximately 50 employees in Sweden and Norway and an annual turnover of approximately SEK 125 million with an EBITDA margin of approximately 12 per cent.

The purchase price on a debt free basis amounts to approximately SEK 80 million, approximately SEK 70 million of which is paid in cash and approximately SEK 10 million through in issue in kind to the seller.

Vinge’s team consisted of responsible partner Anders Strid together with, among others, associates Amanda Winberg (project manager), Frida Bäckergren, Frida Mattsson (employment), Karin Wissenius (competition) and corporate assistant, Josefine Halldén.

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