Hexatronic, a company that offers high-quality fiber technology, completed the acquisition of Fibron, a renowned global manufacturer, that specializes in umbilical cables and other subsea specialty cables primarily utilized by offshore oil and gas, renewables, ROV, defense, and diving sectors, from Rubicon Partners, a private equity firm, for £32m. “The acquisition of Fibron marks a significant milestone for Hexatronic as we expand our portfolio and strengthen our operations in Harsh Environments. Fibron's expertise and reputation as a leading manufacturer of subsea control umbilicals align with our strategic growth objectives. Together, we will combine our strengths and capabilities to provide enhanced solutions and value to our customers. We look forward to welcoming the Fibron team into the Hexatronic Group and embarking on this exciting journey of growth and innovation,” Henrik Larsson Lyon, Hexatronic CEO.