Yesterday Hexatronic Group announced the acquisition of a US-based duct manufacture named Blue Diamond Industries (BDI). To quote our text in the latest research report; “To be able to handle a larger production for the operator we believe Hexatronic will have to acquire a duct production company in the USA.” Well, occasionally you are relatively accurate in your foretelling’s. We believe that the acquisition is strategically important and that the price tag is appetizing. Hexatronic is stepping up the phase in the USA, a market which holds great promise. Our estimated Fair value, in Base-case, is adjusted upwards to 78 (72) SEK per share following the acquisition.