CYG’s acquisition of Finland-based OptoFidelity is bringing together a unique combination of test & measurement solutions and capabilities available to customers worldwide
LONDON – September 5, 2017 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, has acted as the exclusive financial advisor to OptoFidelity, an automated test technology provider for smart devices, on its sale to Changyuan Group.
OptoFidelity Oy, based in Tampere, Finland, is a provider of innovative test and production solutions for mobile devices, sensors and electronics used in smart devices. The company is a supplier for a growing number of industry-leading consumer device OEMs. “Mooreland is pleased to have facilitated another ground-breaking M&A transaction in the automated test technology space,” said Peter Globokar, Managing Director, Mooreland Partners.
Changyuan Group Ltd, based in Shenzen, China, is a high-tech enterprise set up by the Chinese Academy of Sciences in 1986, specializing in R&D, manufacturing and service of electric vehicle-related materials, intelligent plant equipment and smart grid equipment. “Mooreland’s deep experience in cross-border transactions involving Asian high technology ecosystems enabled our European client to complete a transaction with an established Chinese player,” added Louis Jeng, Executive Director at Mooreland Partners.