M&A Deal Summary

Hexatronic Acquires Rochester Cable

On October 3, 2022, Hexatronic acquired electrical equipment company Rochester Cable from TE Connectivity for 55M USD

Acquisition Highlights
  • This is Hexatronic’s 1st transaction in the Electrical Equipment sector.
  • This is Hexatronic’s 2nd largest (disclosed) transaction.
  • This is Hexatronic’s 3rd transaction in the United States.
  • This is Hexatronic’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-10-03
Target Rochester Cable
Sector Electrical Equipment
Buyer(s) Hexatronic
Sellers(s) TE Connectivity
Deal Type Divestiture
Deal Value 55M USD

Target

Rochester Cable

Culpeper, Virginia, United States
Rochester Cable is a provider in the design and manufacture of electro-optical cables for operation in harsh environments. The cables are highly engineered to meet specific requirements in demanding industries such as oil and gas, sensing, defense, oceanographic, and subsea applications. Rochester Cable was founded in 1794 and is based in Culpeper, Virginia.

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Buyer(S) 1

Buyer

Hexatronic

Göteborg, Sweden
Category Company
Founded 1972
Sector Technology Hardware
Employees1,991
Revenue 8.2B SEK (2023)
DESCRIPTION

Formed in 1993, 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, United Kingdom, Germany, China, New Zealand, and the US. Hexatronic Group was founded in 1972 and is based in Gothenburg, Sweden.

DEAL STATS #
Overall 7 of 11
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 3 of 3
State (Virginia) 1 of 1
Country (United States) 3 of 4
Year (2022) 2 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 IDS Group

Fleet, United Kingdom

IDS Group is a data center network infrastructure design and deployment specialist. IDS Group is based in the Fleet, United Kingdom.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

TE Connectivity

Schaffhausen, Switzerland
Category Company
Founded 1941
Sector Electrical Equipment
Employees85,000
Revenue 16.0B USD (2023)
DESCRIPTION

TE Connectivity is a designer and manufacturer of products at the heart of electronic connections for industries including automotive, energy and industrial, broadband communications, consumer devices, healthcare, and aerospace and defense. TE Connectivity was founded in 1941 and is based in Schaffhausen, Switzerland.

DEAL STATS #
Overall 13 of 13
Sector (Electrical Equipment) 5 of 5
Type (Divestiture) 12 of 12
State (Virginia) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Linx Technologies

Merlin, Oregon, United States

Linx Technologies provides wireless modules, antennas, connectors, and wireless design services. It offers radio frequency (RF) modules, integrated circuits, OEM RF products, evaluation kits, and master development systems, interface modules, and connectors and cable assemblies. Linx Technologies was founded in 1997 and is based in Merlin, Oregon.

Buy -
Mergr

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