Cogo Group Buys Mega Smart, Terms Undisclosed

Stock quotes in this article: COGO  

THE ASSOCIATED PRESS

Mobile phone designer Cogo Group Inc. said Tuesday it agreed to buy Mega Smart Group Ltd., a developer of industrial applications in China.

Financial terms were not disclosed.

China-based Cogo said buying Mega Smart will enhance its product offerings and fuel its growth in the fast-growing industrial sector in China.

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