Mergers and Acquisitions
Switzerland’s Cicor to acquire Malaysia factory of Singapore’s EDMI in $20M deal, targets $50M annual revenue
Switzerland's Cicor Group (SIX: CICN), a contract electronics manufacturer, will acquire EDMI Electronics Sdn. Bhd. in Johor, Malaysia, which is in turn a manufacturing subsidiary of Singapore-headquartered smart metering company EDMI Limited, for $15 million-$20 million.
UK’s Winnow acquires Singapore’s Lumitics to expand AI food waste platform in Asia-Pacific
London-based Winnow, an AI-powered food waste solution provider, has acquired Singapore's Lumitics, a food waste technology company operating in Asia-Pacific and the Middle East, the former said in a statement on Thursday, without any financial details.
Singapore’s Timah Partners launches waste management consolidation platform with first acquisition
Singapore's Timah Partners has launched a Specialized Waste Management Platform to consolidate Singapore's fragmented specialized waste management industry, signing an agreement to acquire an established operator as its first deal.
Germany’s DDB AG acquires Singapore’s Infinium Robotics in $22M deal
German-listed Deutsche Defence Beteiligungen AG (DDB AG) has acquired Infinium Robotics, a Singapore-founded logistics technology company with deployments across Malaysian warehouse and logistics operations, in a transaction valued MYR95.6 million ($22 million).
Singapore’s Singtel sells 2.8% stake in Thailand’s Gulf Development for $775M, nears $7B asset recycling target
Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.
Singapore’s car marketplace Carro acquires Australian used car platform CarPlace, expanding to 8 markets
Carro, Asia Pacific's leading online automotive marketplace, has acquired CarPlace, a leading Australian used car platform operated by Autoleague, one of Australia's largest automotive groups, giving Carro a physical presence in three of Australia's four largest markets.
Taiwan’s QBit Semiconductor acquires 60% stake in Singapore’s SinChip to expand ASIC design services
Taiwan's QBit Semiconductor has acquired a 60 percent stake in Singapore-based SinChip Technology, as part of a push to expand its application-specific integrated circuits (ASIC) design services into Edge AI, high-performance computing, optical communications, and automotive sectors.
Silicon Valley’s BizLink to acquire Singapore-Based Interplex Datacom from Blackstone for $900M
Silicon Valley-based BizLink Holding is set to acquire Interplex Datacom, a Singapore-headquartered division of Ennovi held by Blackstone, in an all-cash transaction valued at $850 million plus up to $50 million in contingent consideration,
Australia’s Tuas ends $1.1B M1-Simba telco merger in Singapore
Australia's Tuas Limited, the parent firm of Singapore telecommunication heavyweight Simba Telecom, has terminated the merger between Simba and M1.
Singapore suspends review of proposed $1.1B M1-Simba telco consolidation
Singapore's Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed consolidation between M1 and Simba worth S$1.43 billion ($1.12 billion), pending the outcome of an investigation into Simba’s use of radio frequency spectrum.
