Europe's Hexatronic Group AB has agreed to acquire The Light Brigade Inc., the U.S.-based fiber-optic training provider, from AFL.
Hexatronic says the acquisition will enhance its reach into the U.S. and complement its existing product offerings. However, the company says the acquisition will not have a significant effect on revenue or earnings.
Financial terms of the deal, which is expected to close August 1, 2020, were not disclosed.
“We are very pleased to welcome Light Brigade to Hexatronic Group,” commented Henrik Larsson Lyon, CEO of Hexatronic Group. "The company will enable Hexatronic to complement our strong FTTH system offering with training in the important U.S. market that is our second largest market. The acquisition will strengthen our position in North America where we see large growth potential for our solutions. The acquisition further enhances Hexatronic Group’s business area training, where we now can offer training in Sweden, Norway, the UK, and the U.S."
Hexatronic Group AB is a company that develops, markets and delivers products, components and system solutions with a main focus on the fiber-optic market. Hexatronic offers a range of system and product solutions mainly for passive fiber-optic infrastructurem with global trademarks such as Matrix, Viper, Stingray, Raptor, InOne, Drytech, Lightmate, Skyline and Wistom. The company 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. The company is listed on Nasdaq Stockholm under the ticker HTRO.
Light Brigade, headquartered in Kent, WA, was founded in 1990 by Larry Johnson. The company supplies fiber-optic training for a variety of applications and has partnered with several organizations to help bring fiber-optic education to their members. AFL acquired Light Brigade in 2008.
“AFL believes that the alignment between Hexatronic and Light Brigade is an excellent fit for the business to move forward and prosper. Hexatronic has a strong fiber-optic training business in Europe, and The Light Brigade is the number one fiber-optic training business in North America. Combining these two businesses enables a synergistic power that will be unmatched in the industry,” commented Steve Althoff, president of AFL IG.
For more information, visit www.hexatronicgroup.com.