Finland’s Elisa buys German industrial software firm camLine

Finnish telecom operator Elisa said on Tuesday it has agreed to buy German industrial software maker camLine, paying 60 million euros ($73 million) in cash.

“The transaction is consistent with Elisa’s strategy to grow digital businesses internationally and it strengthens Elisa’s industrial software business growth,” it said in a statement.

Elisa said the German firm’s software for execution systems, quality and operational excellence for manufacturing industries complements Elisa’s Smart Factory offering.