On2 To Buy Hantro Products

On2 Technologies Inc. (AMEX: ONT) has agreed to acquire Hantro Products Oy, a Finland-bsed provider of video technology for mobile devices. The deal is valued at approximately $58.5 million in cash and stock. Hantro has raised around $27 million in VC funding since 1999, from firms like Nexit Ventures, Menire Corp., StartupFactory AB, CapMan Capital and 2M Invest AS. It was advised on the sale by Mooreland Partners. www.hantro.com