Doro to be acquired by Norwegian smartwatch maker Xplora for £61.4 million
Norwegian children’s smartwatch maker Xplora Technologies is set to buy Swedish device manufacturer Doro for £61.4 million (SEK 829 million). The bid of SEK 34 per share is 38.2 percent above Doro’s closing price on the Stockholm Stock Exchange last Thursday. Doro’s largest shareholders, Accendo Capital, Cidro Förvaltning, and Swedish investor and entrepreneur Peter Lindell,are considering the bid.
Staff Reporter
September 28, 2024