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Announced

Hexatronic completed the acquisition of KNET for $63m.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

microduct solutions

Private

Single Bidder

Cross Border

telecommunications

Majority

Telecommunications Services: Other

South Korea

Pending

Friendly

Synopsis

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Hexatronic, an electronic and technical solutions company, completed the acquisition of KNET, a polyethylene pipe products manufacturer, for $63m. "Hexatronic has been a long-term strategic partner to KNET and it is a natural and exciting development to join Hexatronic Group. We look forward to continuing to support all our existing customers as well as Hexatronic’s ambitious growth aspirations in its key markets,” Seo Seong Nam, KNET Founder and Chairman.

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