, Singapore

XMH Holdings clinches 80% stake in automation services firm for $12.8m

To expand its product range.

SGX-listed XMH Holdings has bought an 80% equity stake in automation services firm Z-Power Automation Pte. Ltd. for a total consideration of $12.8 million.

In a release to the SGX, the company said that ZPA’s capabilities will allow XMH to tap on ZPA’s technical strengths, expand its range of product offering to its existing customers, and leverage on the clientele and sales network of ZPA to promote XMH’s existing products and services.

XMH will fund the acquisition with its internal resources.
 

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