STL divests IDS as a part of its ongoing portfolio realignment
Mumbai (Maharashtra) [India], September 27 (ANI/PRNewswire): STL [NSE: STLTECH] one of the industry's leading integrators of digital networks, today announced its divestment of Impact Data Solutions Limited (IDS), UK, as a part of its consolidated strategy to focus on its core business segments of optical solutions and global services. With a strategic intent to play to its core, STL will sell its equity in IDS to Hexatronic Group AB, for an initial consideration and an earn-out upside. Over the past few years, IDS has been operating in certain niche areas of the data-centre market, primar...
Source: laosnews.net
