Hexatronic has signed an agreement to acquire German-based fiber optic company Opternus. Opternus is a market leader within fiber optic fusion splicing and measuring equipment. The purchase price is EUR 10m on a debt-free basis and a further maximum of EUR 2.5m in earnout. In 2017, Opternus reported EUR 15m in revenue and EUR 2.2m in EBITDA which equates to an EV/EBITDA valuation multiple of 5.7x.
