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Flextronics acquires Microcell Group
19-08-2003 electronics /Flextronics source: PeppeR
Flextronics signed an agreement to acquire Microcell Group (GSM Communications, the GPRS and EDGE) designer and manufacturer of ODM (Original Design Manufacturer), mobile communication appliances.
  Flextronics signed an agreement to acquire Microcell Group (GSM Communications, the GPRS and EDGE) designer and manufacturer of ODM (Original Design Manufacturer), mobile communication appliances. Flextronics announced that 80 million USD is paid to the shareholders of Microcell as an initial cash purchase price, plus the assumption of 120 million USD of net liabilities. "I am proud that Flextronics has chosen to make this investment in Microcell and that we will play such an important role in their DM business efforts."- said Jyrki Halikainen, Chairman of the Microcell Group. The media communications of Flextronics is provided by our agency.
 
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