Centum buys stake in Adetel

Q.  Which electronics company has purchased a 51 percent stake in privately held Adetel for a non disclosed amount to expand presence in the European market?
- Published on 20 Jun 16

a. Centum
b. Century
c. Centun
d. None of the above

ANSWER: Centum
 
Electronics company Centum has purchased a 51 percent stake in privately held French company Adetel for an undisclosed amount for expanding presence in the European market
  • Deal will assist Centum which has 80 percent of the revenue from exports to US, EU and Israel to increase the export to various countries about 60 percent from current 35%.
  • This will also scale up production, technologies and competencies

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