January 03, 2020 Qualis Electronics purchased EMS operations from Tagor Electronic

Qualis Electronics signed a Contract to purchase EMS operations from Tagor Electronic, taking into account the contracted obligations, receivables and liabilities of the aforementioned operations. Based on that purchase contract, our company acquired intangible assets as well as movable assets, from fixed assets to inventories. The purchase contract came into force on the date of signature.

Until moving to the new manufacturing facilities, Qualis Electronics will use the facilities where Tagor Electronic previously performed its business activities.