2018-06-08 14:00:22

Hexatronic completes previously announced acquisition of PQMS

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Hexatronic Group AB (publ)

556168-6360

Press Release June 8, 2018

Hexatronic completes previously announced acquisition of PQMS

Hexatronic Group AB (publ) ("Hexatronic") has today, June 8, 2018, completed the previously announced acquisition of Professional Quality Management Services Ltd. ("PQMS"), a United Kingdom based training provider for the telecommunications, electric/gas and health/safety markets.

As part of the transaction Hexatronic also acquires UK-based Smart Awards Limited ("Smart Awards") and Gordon Franks Training Limited ("Gordon Franks").

The acquired companies significantly strengthens Hexatronic's position and local offering on the growing UK-market. The acquisition complements Hexatronic's strong FTTH system offer to the UK market and enhances Hexatronic Group's business area training

The acquisition was originally announced on June 1, 2018 and took place via a transfer of shares from the directors of PQMS. The acquired companies will be consolidated into the Hexatronic Group from June 8, 2018.

The acquisition is financed through a revolving credit facility provided by Danske Bank.

United Kingdom, June 8, 2018

Henrik Larsson Lyon

CEO Hexatronic Group

For more information, please contact:

· Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00

Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure with global trademarks like Ribbonet®, Micronet(TM), Drytech(TM), Lightmate®, FibreHub(TM), Matrix, Viper, Stingray and Wistom®. The Group has its headquarters in Gothenburg, Sweden and has sales offices and/or subsidiaries in Sweden, Norway, Finland, United Kingdom, China, New Zealand and the US. The Group is listed on Nasdaq Stockholm under the ticker HTRO. For more information, visit

www.hexatronicgroup.com

.

Hexatronic completes previously announced acquisition of PQMS


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Hexatronic Group AB via Globenewswire

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