Brief: Hexatronic To Acquire Telecom Activities Of Germany's Rehau

Hexatronic AB

14/07/2021 13:03

July 14 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * REG-HEXATRONIC ACQUIRES LEADING MICRODUCT BUSINESS IN THE
FAST-GROWING GERMAN MARKET
    * REG-HEXATRONIC ACQUIRES LEADING MICRODUCT BUSINESS IN THE
FAST-GROWING GERMAN MARKET
    * ACQUIRED BUSINESS IS EXPECTED TO HAVE SALES OF EUR 35
MILLION IN
2021.
    * ACQUIRED BUSINESS IS EXPECTED TO HAVE SALES OF EUR 35
MILLION IN
2021.
    * FIXED PURCHASE PRICE OF EUR 40.5 MILLION IS TO BE PAID IN
CASH
AT CLOSING AND WILL BE FINANCED THROUGH A COMMITTED SENIOR DEBT
FROM DANSKE BANK OF APPROXIMATELY EUR 40 MILLION
    * FIXED PURCHASE PRICE OF EUR 40.5 MILLION IS TO BE PAID IN
CASH
AT CLOSING AND WILL BE FINANCED THROUGH A COMMITTED SENIOR DEBT
FROM DANSKE BANK OF APPROXIMATELY EUR 40 MILLION
    * ACQUISITION IS EXPECTED TO CLOSE IN Q4 OF 2021.
    * NET DEBT/EBITDA FOR HEXATRONIC GROUP FOLLOWING TRANSACTION
IS
EXPECTED TO BE APPROXIMATELY 2.0
    * TO ACQUIRE ALL TELECOM ACTIVITIES OF REHAU GROUP

Source text for Eikon:  ID:nGNE4DgVfg 
Further company coverage:  HTRO.ST 

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