February 20, 2020<< Back
BizLink Holding Inc. Signs Definitive Purchase Agreement for the Acquisition of Speedy Industrial Supplies Pte Ltd
TAIPEI, February 20, 2020 – BizLink Holding Inc., a leading global interconnect solutions provider, announced today that it has signed a definitive purchase agreement to wholly acquire Speedy Industrial Supplies Pte Ltd for SGD 65 million in cash. This deal is expected to close in the first half of 2020.
Singapore-based Speedy Industrial Supplies Pte Ltd was founded in 1987, and has factories in Singapore and in Malaysia. Speedy Industrial is a leading EMS provider with in-house manufacturing capabilities from wire harnesses to PCBA's to box builds and to systems solutions for high-mix, low-volume Semiconductor Equipment, Medical Equipment, and Precision Equipment industries in Asia, USA, and in Europe.
Roger Liang, Chairman of BizLink’s Board of Directors, expressed BizLink's desire to boost its manufacturing footprint in regional markets, and to further solidify its market share within the Industrial and Medical product segments. “With this transaction, BizLink will gain a lasting position with vertically integrated production, an experienced management team, and well- established partnerships with leading global brands. By the same token, BizLink's strong global presence will undoubtedly offer untapped potential for the acquired business.”
|Issued by||BizLink Holding Inc. (TWSE Code: 3665)|