M&A Deal Summary

Hexatronic Acquires Fibron

On June 28, 2023, Hexatronic acquired manufacturer Fibron from Rubicon Partners

Acquisition Highlights
  • This is Hexatronic’s 1st transaction in the Manufacturing sector.
  • This is Hexatronic’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-06-28
Target Fibron
Sector Manufacturing
Buyer(s) Hexatronic
Sellers(s) Rubicon Partners
Deal Type Add-on Acquisition

Target

Fibron

Hoddesdon, United Kingdom
Fibron specializes in umbilical cables and other subsea specialty cables manufacturing primarily utilized by offshore oil and gas, renewables, ROV, defense, and diving sectors. The company has considerable in-house design expertise and manufacturing facilities capable of producing a broad range of products. Its track record ensures the provision of cable or umbilical solutions for most situations, and expertise and experience in this field of operation. Fibron was founded in 1987 and is based out of Hoddesdon, North of London, UK.

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Buyer(S) 1

Buyer

Hexatronic

Göteborg, Sweden

Category Company
Founded 1972
Sector Technology Hardware
Employees1,997
Revenue 7.6B SEK (2024)
DESCRIPTION

Hexatronic is a technology group specializing in fiber communications. The company develops, markets, and delivers products, components, and system solutions with the main focus on the fiber optic market. Hexatronic offers a wide range of innovative systems and product solutions mainly for passive fiber optic infrastructure with global trademarks like Matrix, Viper, Stingray, Raptor, InOne, Drytech, Lightmate, Skyline, and Wistom. The Group has its headquarters in Gothenburg, Sweden, and has sales offices and/or subsidiaries in Sweden, Norway, Finland, the United Kingdom, Germany, China, New Zealand, and the US. Hexatronic was founded in 1972 and is based in Gothenburg, Sweden.


DEAL STATS #
Overall 9 of 11
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 8
Country: United Kingdom M&A 3 of 3
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-24 Knet

Seoul, South Korea

Knet is focused on developing and manufacturing of microduct solutions for the telecommunication industry. The company helps implement the project from the very first step of network design to the installation phase, providing all the necessary technical training, service, and maintenance. Air-Blown Total Solution with Knet Microducts will guarantee the best performance even in the most severe conditions, and it will significantly reduce CapEX and OpEX in comparison with conventional fiber optic deployment techniques. Knet was formed in 2002 and is based in Seoul, South Korea.

Buy $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 ATG

North Shore City, New Zealand

ATG specializes in optical cable, fiber connectivity, hand tools, fusion splicers, and test & measurement, while its core strength lies in executing industrial, infrastructure, and enterprise projects with precision. ATG is based in North Shore City, New Zealand.

Buy -

Seller(S) 1

SELLER

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 10 of 12
Sector: Manufacturing M&A 3 of 4
Type: Add-on Acquisition M&A Deals 6 of 7
Country: United Kingdom M&A 7 of 9
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 ABL-Technic

Leutkirch, Germany

ABL-Technic is a provider of specialist paint stripping services to industrial plants. The company's service includes providing stillages, pickup and delivery of parts, mechanical, thermal, and chemical stripping in a 24-hour turnaround time. ABL-Technic was founded in 1973 and is based in Leutkirch, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 O&S Doors

Tyrone, United Kingdom

O&S Doors is a manufacturer and distributor of cabinet doors for kitchens, bedrooms, and bathrooms, serving the UK and Ireland markets. O&S Doors sells through a wide range of channels, including retailers, tradespeople and distributors. O&S Doors is based in Tyrone, United Kingdom.

Buy -