Teleste, the Finnish IT services company, could be an acquisition target or it could acquire, according to Turun Sanomat.
The Finnish-language piece cited a report from FIM, the Finnish investment bank, which said that the tech company could be an interesting target to an international company because the company is in good shape and it has an excellent order book.
Possible buyers include Swedish Ericsson or Arris, the Georgian tech group, the piece speculated.
The company could also be an acquirer, thanks to its strong cash flow and it could be looking to expand to US or Asia via acquisitions.
Turun Sanomat
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Teleste Oyj is an international technology group specializing in broadband data communication
networks and solutions. The Company is a supplier of network solutions for digital television,
high-speed Internet, and voice communication. Teleste also produces digital fiber transmission
solutions for security applications such as monitoring. The Company sells its products worldwide.