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Vinge ADVISES Hexatronic IN CONNECTION WITH THE ACQUISITION OF Ericsson’s TELECoM CABLES BUSINESS IN Hudiksvall

November 04, 2013

Vinge has advised Hexatronic Cable and Interconnect Systems AB, a wholly owned subsidiary of Hexatronic Scandinavia AB (publ), in connection with the acquisition of Ericsson’s fibre and sea cable business in Hudiksvall. In 2013, the business has a pro forma turnover of SEK 350 million and in connection with closing approximately 85 employees will be transferred for fibre production purposes and approximately 30 employees will be transferred during a transitional period for copper cable production purposes.

Vinge’s team consisted of, among others, partner Anders Strid and associates Anna Siesing (M&A and employment), Anna Palmérus (competition) and Ingrid Johansson (commercial property)

ScandCap, through Oskar Säfström, acted as Hexatronic’s financial advisers.

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