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Electronics Production | April 18, 2016
Foxconn buys TeleEye
The giant is growing even bigger via a USD 30.95 million investment to acquire a 50.07% stake in Hong Kong based TeleEye Holdings.
TeleEye is an audio-visual, information technology company that provides network surveillance solutions. The acquisition will provide Fosconn with access to the network surveillance market as well as ownership of related hardware technologies, according to a report in DigiTimes.
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