German Ministry to review Sepura acquisiton by Hytera

05-05-2017

Manufacturer is critical communication solutions, Hytera, has received formal notification from the Federal Ministry of Economic Affairs and Energy in Germany (BMWI) that it has decided to seek to initiate a review of the acquisition on public policy and/or national security grounds relating to Tetra radio specialist Sepura Deutschland.

"Sepura and Hytera are in the process of assessing any potential impact of this notification on the completion of the acquisition and will be engaging with BMWi. A further update will be provided in due course," Sepura said. Sepura plc shares slumped 25.97% to 11.66p after the news was announced.



Source: Telecompaper


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