Xplora Technologies AS (DE:86P) has released an update.
Xplora Technologies AS has made a strategic move to acquire Doro AB, offering SEK 34 per share, with the acquisition fully financed by DNB Bank ASA and SpareBank 1 SR-Bank. This acquisition is expected to fast-track Xplora’s ambition of reaching one million subscriptions by capitalizing on Doro’s strong sales of over 1.5 million mobile units for seniors annually. The synergy of both companies will potentially quadruple Xplora’s sales and bolster its presence in the European market for trusted devices across all age groups.
For further insights into DE:86P stock, check out TipRanks’ Stock Analysis page.