Electrowatt hives off payphone and smartcard operations

Electrowatt hives off payphone and smartcard operations
Roy Rubenstein
Electrowatt is to sell its payphone and smartcard activities to a group of Swiss investors and Texas Pacific Group. Included in the sale is payphone supplier Landis & Gyr Communications. The terms of the transaction, expected to be completed by the end of the month, have not been disclosed. The sale has been enforced on Electrowatt by European antitrust authorities as a condition for its takeover by Siemens.


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