Mayfield Group Completes Acquisition of Switchboards Division of Nilsen

MT Newswires Live

Aug 03

Mayfield Group Holdings (ASX:MYG) completed the acquisition of the switchboards division of Nilsen (SA), including the N-Series product line and all associated intellectual property, for AU$4 million in cash, effective July 31, according to a Monday Australian bourse filing.

Integration planning is underway, and the assets and employees of the switchboards division will transition to operate from Mayfield's Royal Park facility in Adelaide, South Australia, on a staged basis through to Oct. 31.

Mayfield's shares were up 1% in recent trading on Monday.

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