M&A Deal Summary

Jurong Technologies Industrial Acquires China Precision Technology

On March 1, 2006, Jurong Technologies Industrial acquired technology hardware company China Precision Technology from Sumitomo Equity Asia

Acquisition Highlights
  • This is Jurong Technologies Industrial’s 1st transaction in the Technology Hardware sector.
  • This is Jurong Technologies Industrial’s 1st transaction in Singapore.

M&A Deal Summary

Date 2006-03-01
Target China Precision Technology
Sector Technology Hardware
Buyer(s) Jurong Technologies Industrial
Sellers(s) Sumitomo Equity Asia
Deal Type Add-on Acquisition

Target

China Precision Technology

Singapore
China Precision is a China based integrated contract manufacturer of precision components for the consumer electronics, office automation, telecom and automotive industries.

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Buyer(S) 1

Buyer

Jurong Technologies Industrial

Singapore

Category Company
Founded 1986
Sector Electrical Equipment
DESCRIPTION

Jurong Technologies Industrial Corp. provides electronics manufacturing services.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.


DEAL STATS #
Overall 6 of 13
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
Country: Singapore M&A 1 of 2
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-29 JobStreet.com Sdn Bhd

Kuala Lumpur, Malaysia

JobStreet.com Sdn Bhd is an internet based recruitment service provider. JobStreet was formed in 1997 and is based in Kuala Lumpur, Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-20 CDP Group

Shanghai, China

CDP Group is an integrative platform that is transforming how organizations manage human capital. CDP cloud-native offerings provide customized and effective SaaS enabled solutions to over 3,600 enterprise customers and their employees, addressing their payroll and tax, health and insurance, benefits, and workforce management needs. CDP Group was founded in 2004 and is based in Shanghai, China.

Buy -