Clavister to divest its Chinese operations as part of an increased European focus

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Örnsköldsvik, Sweden, 1st October, 2019. Clavister, a leader in cybersecurity solutions, has signed an agreement to divest its Chinese operations. The buyers include key individuals in the Chinese subsidiary and the total buyout is a symbolic amount of 100 RMB. The operation in China has roughly twenty employees and is focused on selling Clavister products, mainly towards universities and customers within the transportation segment. The Chinese subsidiary had a total revenue of 6.7 MSEK for the full year 2018, and contributed with a net loss to the Clavister group.

“In line with our

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Source: Clavister to divest its Chinese operations as part of an increased European focus

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