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  5. SEVAK Acquires I-Gate Holding Sdn. Bhd.

M&A Deal Summary

SEVAK Acquires I-Gate Holding Sdn. Bhd.

On April 4, 2011, SEVAK acquired retailer I-Gate Holding Sdn. Bhd.

Acquisition Highlights
  • This is SEVAK’s 1st transaction in the Retail sector.
  • This is SEVAK’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2011-04-04
Target I-Gate Holding Sdn. Bhd.
Sector Retail
Buyer(s) SEVAK
Deal Type Add-on Acquisition

Target

I-Gate Holding Sdn. Bhd.

Malaysia
I-Gate Holding Sdn. Bhd. is a retailer of mobile telecommunication equipment and distributes mobile and accessories.

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Buyer(S) 1

Buyer

SEVAK

Singapore, Singapore
Category Company
Founded 1993
Sector Communications
Revenue 362M SGD (2014)
DESCRIPTION

SEVAK is a distributor, provider, and enabler of info-communication products and services. The Company continues to focus on 3 verticals: operator products and distribution service, information communications and technology (ICT) distribution and managed services, and mobile devices retail services. SEVAK was formed in 1993 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2011 M&A 1 of 1
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