venture-corp-to-acquire-largest-singapore-competitor

Venture Corp to acquire largest Singapore competitor

Singapore's two largest electronics companies to combine through an acqusition that values GES International at a 19% premium to the market price.

By Sameera Anand

July 26, 2006

SingaporeÆs leading electronics-services provider Venture Corporation will take over its largest competitor, GES International, in a deal that could be worth as much as S$980 million $617 million.

The acquisition, which was jointly announced by the two companies Wednesday July 26, marks the largest all-cash transaction in the technology space in Singapore since 2000 when the tech bubble collapsed.

While in the same industry, the design capabilities of the two companies are largely complementary, and according to Venture, their combined skill sets will allow the merged entity to offer a range of design services that extends beyond their existing offerings. The company added that the acquisition will also strengthen VentureÆs position in the...

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