SINGAPORE - Transport operator SMRT Corp announced its unit SMRT Services entered a joint venture shareholders' agreement with Cyclect Electrical Engineering on Wednesday (Sept 21).
Cyclect provides electrical, mechanical and automation solutions for several areas such as building, infrastructure, and marine and offshore segments.
They will set up a joint venture firm called SMRT-Cyclect Power, which will focus on providing electrical systems for land transport, including those for rail systems, or infrastructure for electric power systems or networks for electric cars and buses.
SMRT-Cyclect Power's core business will be in Asean, Australia, New Zealand, and possibly Africa, China and India.
