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

Mandate 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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