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WE Holdings to acquire four companies in Singapore and Malaysia

Published on Jan 30, 2014 9:34 AM

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.

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