After several months of uncertainty, the Besançon Court of Appeal has confirmed the takeover of Tech Power Electronics by French company Axfor, ending weeks of anxiety for employees who had mobilized to protect their workplace.
The decision settles the future of the company and validates Axfor’s bid after a prolonged period in which workers and local stakeholders were waiting for a final ruling. In a LinkedIn post, Jura MP Danielle Brulebois announced that the court had upheld the acquisition, signaling the end of the uncertainty surrounding Tech Power Electronics.
The confirmation is a significant step for the employees, who had been campaigning to preserve their jobs and the company’s industrial base. With the appeal court’s decision now in place, Axfor’s takeover is definitively approved.