Hexatronic Group AB (publ) (OM:HTRO) entered into a definitive agreement to acquire Blue Diamond Industries, LLC from Sherri Simpson and three other members of the senior management of Blue Diamond Industries, LLC for an enterprise value of $23 million on December 4, 2017. The consideration includes a payment of up to $2.5 million based on performance of Blue Diamond Industries. The acquisition is expected to be fully financed through a committed senior debt. Blue Diamond Industries will also be known as Hexatronic USA and will locate in Lexington, Kentucky. The effective enterprise value represents an implied transaction multiple of 5.3x to 5.9x LTM EBITDA. In the last twelve months, Blue Diamond has generated a revenue of approximately $29 million and EBITDA of $4 million. The four members of the senior management of Blue Diamond, the sellers, will continue in their current positions post closing. The acquisition is subject to customary closing conditions and is expected to close in early January 2018. The acquisition is expected to be accretive to earnings from the first full year adding SEK 0.5 ($0.0594) to SEK 0.6 ($0.07128) per Hexatronic share in 2018. Net debt/EBITDA for the Hexatronic Group following the transaction is expected to be approximately 1.0x. Ellis & Winters LLP acted as legal advisor to Hexatronic for the transaction. Hexatronic Group AB (publ) (OM:HTRO) completed the acquisition of Blue Diamond Industries, LLC from Sherri Simpson and three other members of the senior management of Blue Diamond Industries, LLC on January 2, 2018. Danske Bank has provided committed credit facilities securing long term financing for the acquisition. Blue Diamond Industries will be consolidated into the Hexatronic Group and will run as an independent company within the Group.