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ST Engineering: Electronics Arm To Acquire Remaining 49% Stake In STELCOMMS For S$3 Million.
02 Jun 2015 17:16Singapore Technologies Engineering Ltd announced that ST Electronics (Info-Comm Systems) Pte. Ltd., has entered into an agreement with Lardosa Investments B.V. to acquire its 49% stake in STELCOMMS Pte. Ltd. at a purchase consideration of S$3m. STELCOMMS' core business is in the area of providing video analytics solutions. The acquisition will enable ST Electronics to better steer STELCOMMS' business strategy and operations as an integrated video solutions provider to meet the new security and business intelligence requirements in both public and commercial sectors...
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Source: ShareInvestor Express
