WE Holdings to acquire four companies in Singapore and Malaysia
Singapore-listed electronics distributor WE Holdings said on Thursday it has agreed to acquire four companies in Singapore and Malaysia for a total of US$3.8 million ($4.9 million) to boost its electronic and component business unit.
It will buy SingYaSin Technologies, SCT Technologies, LSP Technology and LSP Advanced Sdn Bhd (LSP Malaysia).
SingYaSin is a wholesaler of scrap and junk and also makes and tests printed circuit boards, while SCT, a subsidiary of SingYaSin, makes and distributes universal bareboard printed circuit board testers.
LSP sells professional and scientific equipment and LSP Malaysia, an LSP subsidiary, sells and services reliability testing equipment.