CFUIS Clearance: Hytera Communications Corporation Limited (China) and Sepura plc, including U.S. subsidiary PowerTrunk Inc (U.S.)

Status: Clearance

Acquirer: Hytera Communications Corporation Limited (China)

Acquired: Sepura plc, including U.S. subsidiary PowerTrunk Inc (U.S.)

Value: $92 million

Industry Tags: Communications Equipment Manufacturing

On July 27, 2018, Chinese publicly traded “Hytera Communications Corporation Limited (002583.SZ), a leading global provider of Professional Mobile Radio (PMR) communications solutions . . . announced that as of 13 July 2018 it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its indirect acquisition of PowerTrunk Inc, a US subsidiary of Teltronic S.A.U, which was owned by UK based Sepura Plc.” (Press Release, Hytera Communications Received CFIUS Clearance for Its Acquisition of the US Business of Sepura, July 27, 2018.)

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