Redeye - Hexatronic broadens its presence in the fiber market

Hexatronic Group has acquired Tele och Datanät Fiberoptik i Örebro AB (TD Fiber) for 80 MSEK. The stated yearly revenue of the company is about 125 MSEK with an EBITDA margin of 12%. With the acquisition Hexatronic broadens its presence in the fiber optical equipment industry. Hexatronic finances the acquisition through a credit from Nordea, a non-cash offer and a rights issue. Our fair value estimate (Base-case scenario) is revised downwards. The main reason for the lower fair value is the new capital structure and dilution effect. The share is trading in the lower end of our valuation range. We regard the risk reward at current share price levels as attractive. Read more in the analysis below.

The full analysis in PDF-format: http://korta.nu/Z-4

This is a pressrelease from Redeye. Read more articles at www.redeye.se.