Announced
Completed
Financials
Tags
United Kingdom
umbilical cables
oil and gas
Integrated Oil and Gas
Acquisition
Cross Border
Majority
Private
Private Equity
Friendly
Single Bidder
Completed
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.