June 21, 2017 / 7:22 AM / a month ago

BRIEF-Ericsson says to divest its power modules business to Flex

1 Min Read

June 21 (Reuters) - Telefonaktiebolaget Lm Ericsson :

* Ericsson to divest its power modules business to Flex

* Says a workforce of over 300 people to move from Ericsson to Flex Power, a division within Flex

* Says divestment in line with Ericsson's previously-announced business strategy of focusing on core portfolio areas Source text for Eikon: Further company coverage: (Reporting By Olof Swahnberg)

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