Ashurst ADTLaw represents Engtek Group on its acquisition of Techcom Technology
10 January 2025
Ashurst ADTLaw has advised TYK Capital Sdn. Bhd., part of the Engtek Group and a portfolio company of PrimeMovers Equity ("PME"), on its acquisition of Techcom Technology Pte. Ltd. ("Techcom"), a Singapore-headquartered leader in the precision engineering space which specialises in sheet-metal fabrication, precision machining, and custom metal component manufacturing.
This transaction is the second bolt-on acquisition made by the Engtek Group since 2023. This strategic acquisition will strengthen the Engtek Group’s customer base in semiconductor sector and expands its capabilities into sheet metal fabrication, precision welding and sub assembly.
Ashurst ADTLaw advised PME on its investment into the Engtek Group and also advised Engtek Group on the first bolt-on acquisition, the acquisition of Asaba Manufacturing Philippines Inc last year.
The transaction was led by head of M&A for Southeast Asia Tao Koon Chiam, supported by George Kho, Cheryl Ang, and Christine Chang.
Tao Koon commented:
"Engtek Group's growth has been phenomenal and we are truly privileged to have supported them on this journey and partner with them as they take their business to the next level. Needless to say, the PrimeMovers Equity Team's business acumen and strategic influence is crucial in that growth and we are really pleased to be able to contribute."
