Hexatronic Group AB (publ) (OM:HTRO) signed a binding asset purchase agreement to acquire telecom activities of REHAU Group for €46.5 million on July 14, 2021. The fixed purchase price is €40.5 million, with an additional purchase consideration of up to €6 million based on performance. The fixed purchase price of €40.5 million is to be paid in cash at closing and will be financed through a committed senior debt from Danske Bank of approximately €40 million. In the last twelve months REHAU Telecom’s business has generated sales of approximately €30 million. The acquisition is immediately accretive to earnings. The acquisition is expected to close in the fourth quarter of 2021. White & Case has acted as legal counsel to Hexatronic Group AB (publ).