Brief: Hexatronic Acquires Two Telecom Businesses In Australia

Hexatronic AB

02/08/2021 13:04

Aug 2 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * STRENGTHENS AUSTRALIAN MARKET PRESENCE THROUGH ACQUISITION
OF
TWO LEADING TELECOM BUSINESSES
    * ACQUIRING 100% OF SHARES OF OPTICAL SOLUTIONS AUSTRALIA
GROUP
PTY LTD ("OSA") AS WELL AS 100% OF SHARES OF FIBRE OPTIC SHOP
PTY
    * COMBINED ENTERPRISE VALUE FOR TWO BUSINESSES AMOUNTS TO
47.4
MAUD
    * FOR BOTH TRANSACTIONS, FIXED PURCHASE PRICE IS PAID PARTLY
IN
CASH AND PARTLY THROUGH NEWLY ISSUED SHARES
    * ACQUIRED BUSINESSES ARE EXPECTED TO HAVE AN AGGREGATED
EBITDA OF
7.3 MAUD IN 2021

Further company coverage:  HTRO.ST 

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