OptoFidelity Oy was acquired entirely by Changyuan Group, a Chinese hi-tech enterprise.

OptoFidelity Oy, a Tampere, Finland-based company present in the smart device testing industry, announced entering into agreement of being entirely acquired by Changyuan Group.

The financial details of the transaction remain undisclosed and OptoFidelity will continue to operate in the same way as before.

Changyuan Group Ltd, headquartered in Shenzen, China and led by CEO Erbing Lu, is a high-tech enterprise set up by the Chinese Academy of Sciences in 1986, specializing in R&D, manufacturing and service of EV-related materials, intelligent plant equipment and solutions, smart grid equipment.

OptoFidelity, led by CEO Pertti Aimonen, manufactures smart devices for the testing industry. The company's investors include Finnish Industry Investment and Visionplus, which invested $4M in 2016.