Doro AB (OM:DORO) acquired Csi Service for SEK 72 million.
September 01, 2021
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Doro AB (publ) (OM:DORO) acquired Csi Service for SEK 72 million on September 1, 2021.Doro will pay in cash approximately SEK 72 million on cash and debt free basis for the acquisition of Innocom. Revenue for Innocom for the financial year 2020 was SEK 50 million.
Doro AB (publ) (OM:DORO) completed the acquisition of Csi Service on September 1, 2021.
Doro AB is a Sweden-based company that develops and sells electronic products, primarily in the telecommunications sector. The Companyâs product portfolio is divided into three business units, namely Telecom in Care Electronics, which provides mobile phones, cordless and corded phones, remote controls, alarm clocks and headsets, among others; mHealth, which provides mobile-based services in the health sector, such as Doro 3.0, the mobile application for Android telephones; and CareTech, entailing information technology (IT) solutions like IT outsourcing and Web products and services such as content management as well as document management, among others. This range of products is available through several sales channels, including telecom operators and retailers in more than 40 countries.