VTech Completes Acquisition of German-based Snom Technology AG

BERLIN and HONG KONG -- VTech Holdings Limited has completed its acquisition of Snom Technology AG (Snom). On 21 October 2016, the two companies announced that they had entered into a binding definitive agreement, under which VTech would acquire 100% of the share capital of Snom. The transaction was completed on 21 November 2016 as it has satisfied all regulatory requirements and closing conditions. Upon completion, Snom is an indirect wholly-owned subsidiary of VTech.

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