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Singapore's Venture Corp to acquire GES in deal worth 620 mln dlrs
Singapore (AFP) Jul 26, 2006 Contract electronics manufacturer Venture Corp is to acquire GES International, which makes point-of-sale terminals, the Singapore-listed companies said Wednesday. Venture will pay 1.25 dollars (78.85 US cents) per GES share, valuing the company at 980 million dollar (620 million US), Venture said. The deal is subject to shareholder approval. "A combination of Venture and GES will create a strong player with high growth potential, scale of operations, extensive design capabilities and leading industry position," the companies said. Venture employs more than 13,000 people worldwide and has manufacturing facilities in Singapore, China, the United States, Spain and Malaysia. GES has plants in China, Singapore, Malaysia and the United States. Email This Article
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