COPENHAGEN :Shares in Danish hearing aid and headset maker GN Store Nord rose 3per cent on Wednesday after it said it would buy gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns .
Steelseries, which had revenue of 2.2 billion crowns last year, employs about 350 people in offices in Denmark, France, the United States, China and Taiwan. With immediate effect, GN would pause its current share buyback programme, which was launched in May, the firm said. "It's a company with many parallels to ours," Gormsen said."They have an outsourced production, they sell in some of the same channels that we sell in, we just have a different volume and size, and that of course gives some economy of scale."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GN Store Nord buys gaming company Steelseries in US$1.25 billion dealCOPENHAGEN : Hearing aid and headset maker GN Store Nord said on Wednesday it will acquire gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns (US$1.25 billion). (US$1=6.4225 Danish crowns) (Reporting by Nikolaj Skydsgaard, Editi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
GN Store Nord buys gaming company Steelseries in US$1.25 billion dealCOPENHAGEN : Hearing aid and headset maker GN Store Nord said on Wednesday it will acquire gaming gear company Steelseries from Nordic private equity company Axcel in a deal worth 8 billion Danish crowns (US$1.25 billion). (US$1=6.4225 Danish crowns) (Reporting by Nikolaj Skydsgaard, Editi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
French satellite firm Eutelsat raises stake in UK company OneWebPARIS : French satellite company Eutelsat, which rejected a takeover proposal from billionaire Patrick Drahi, said it had raised its stake in London-headquartered communications network company OneWeb to 22.9per cent.'Eutelsat Communications has exercised a call option on a portion of the latest OneWeb fu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »