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Xplora Technologies AS ( (DE:86P) ) has issued an announcement.
Xplora Technologies AS has announced an agreement to acquire additional shares in Doro AB, increasing its ownership to approximately 90.01% of Doro’s share capital. This acquisition enables Xplora to initiate compulsory redemption proceedings to acquire the remaining shares and pursue a delisting of Doro’s shares from Nasdaq Stockholm. The move is part of Xplora’s strategic expansion, potentially enhancing its market position and influence within the technology solutions sector.
More about Xplora Technologies AS
Xplora Technologies AS is a platform and services company focused on delivering technology solutions that keep families connected and safe. The company designs smart devices and services for children, youths, and seniors, emphasizing secure communication and promoting physical activity and digital balance. Xplora, headquartered in Oslo, Norway, pioneered the kids’ smartwatch category in Europe and has expanded its offerings to include phones and solutions for the youth and senior markets, establishing itself as a leading European platform for family-centric services.
Average Trading Volume: 54,023
Current Market Cap: NOK2.15B
Learn more about 86P stock on TipRanks’ Stock Analysis page.