# Efore Plc signs agreement to acquire Powernet International Oy

Efore Plc signed an agreement to acquire the entire share capital of Powernet International Oy, a developer and manufacturer of custom power supplies and systems, for an enterprise value of EUR 4.5 million.

- Type: Acquisition
- Announced: 2018-11-21
- Where: Vantaa, Finland, Finland
- Value: $5.10M (4.50M EUR)
- Status: announced
- Products: custom power supplies, power distribution systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Efore](https://endata.com/companies/35615.md) (acquirer)
- [Powernet International](https://endata.com/companies/35616.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/11/21/1655146/0/en/efore-plc-has-signed-an-agreement-to-acquire-powernet-international-oy-and-continues-with-preparations-of-rights-offering.html), 2018-11-21: "The acquisition further strengthens Efore’s excellent technical know-how and broadens as well as internationalizes Efore’s customer base."
- [railway-news.com](https://railway-news.com/efore-plc-completes-acquisition-powernet/), 2019-01-08: "The acquisition further shifts Efore's focus towards higher value-added products and solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.