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New Deal


Announced

Completed

Hexatronic completed the acquisition of Rochester Cable from TE Connectivity.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Cross Border

Friendly

Majority

Acquisition

Semiconductors

Private

United States

electro-optical cables

Completed

Synopsis

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Hexatronic, a provider of non-stop connectivity solutions, completed the acquisition of Rochester Cable, a designer and manufacturer of cables for harsh environments, from TE Connectivity, a technology company, for $55m. “We are happy to have reached an agreement with TE Connectivity to acquire the business activities of Rochester Cable. Rochester Cable is uniquely positioned with its know-how and application expertise, which has been developed as a market leader for decades. The highly skilled team has developed a truly differentiated offering and long-term partnerships with its customers. Hexatronic has been a supplier of fiber optic submarine communication cables since the 1990s. Combining the know-how, geographical footprint, and product portfolio of Rochester Cable in the US and Hexatronic submarine business in Sweden provides exciting opportunities for the future,” Henrik Larsson Lyon, Hexatronic Group CEO.

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