EFORE Sells Back its Minority Share of Vox Power

11.7.2019

 Continues the Well-proven Collaboration Between the Companies

Efore sells its 11 250 (8,92%) ordinary shares of power supply vendor Vox Power back to Vox Power. The selling price is 39,1 euros per share.The two companies started a collaboration in 2009, during the development of modular and configurable power supplies. As part of the partnership, Efore also acquired a minority share of Vox Power’s capital stock.

As the nature of this co-operation has since developed towards normal supplier co-operation, companies have together agreed that Vox Power will buyback these shares. “The commercial cooperation between the companies will continue unchanged despite this share buyback”, says Carlo Rosati, EVP of Digital Power and Light, Efore.

For more information, please contact:

Vesa Leino

CEO, Efore

tel. +358 40 759 8956

vesa.leino@efore.com

 

Carlo Rosati

EVP of Digital Power and Light, Efore

tel. +393 35 135 7167

carlo.rosati@efore.com

 

Efore Group

Efore is an International Group which develops and produces demanding power products. Efore's head office is based in Finland and its sales, marketing and R&D functions are located in Europe and China. The Group also has a sales and marketing unit in the United States. In the financial year ended on December 2018, consolidated net sales totaled EUR 52.4 million and the Group's personnel averaged 406. The parent company's shares are quoted on the Nasdaq Helsinki Ltd. www.efore.com