Magnusson Finland advised Shenzhen Kexin Communication Technologies Co. Ltd on its acquisition of the Telecom business of Efore Plc

Magnusson Finland advised Shenzhen Kexin Communication Technologies Co. Ltd on the process of acquiring the Telecom business of Efore Plc. The acquisition covers the entire Efore telecommunication business including existing product portfolio and Efore brand and name. After the acquisition 73 Efore’s employees in Finland, China and Sweden moved to Shenzhen Kexin Communication Technologies Co. Ltd as old employees.

Shenzhen Kexin Communication Technologies Co. Ltd is a Chinese technology company founded in 2001 which focuses on technologies for 5G mobile networks, IoT and data centers. The acquisition of Efore’s Telecom business will expand Shenzhen Kexin Communication Technologies Co. Ltd’s business activities and telecommunication product supplying into Europe.

The Magnusson team comprised Team Leader Tomi Merenheimo, Partner Ville Salonen, Partner Kaija Pulkkinen, Specialist Counsel Maher Khadour and Associate Lilli Parbo.

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