Efore to Sell Telecom Operations to Chinese Kexin


Approving the offer made cancels previous joint venture plans.

The acquisition covers the entire Efore Telecommunications business including product portfolio and Efore brand and name, and is expected to close in the second half of 2019. This deal gives Efore an opportunity to remarkably renew its business focusing on its Digital Power & Light and Digital Power Systems business lines which are showing strong opportunities for growth. There will be a new strategy, new financial targets and a new name which will be shared at the close of the acquisition.

The full July 31, 2019 press release is available at the following link: https://otp.tools.investis.com/clients/fi/efore2/omx/omx-story.aspx?cid=390&newsid=68580&culture=en-US