Hytera, Sepura deal set to close
The deal had been on hold until approvals had been obtained from several EU governments.
In a statement, Hytera said, “Following further discussions with the German authorities, the parties have concluded that the notification from the Federal Ministry of Economic Affairs and Energy announced 5 May 2017 will not have implications for the timing of completion of the Acquisition, and that, following the decision of the UK government not to refer the Acquisition to a second phase review by the UK’s Competition and Markets Authority announced 12 May 2017, the parties intend to move forward with the completion of the Acquisition…”
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A date of 24 May has been set for completion of the acquisition of Sepura by Hytera.