M&A Deal Summary

ST Engineering Acquires Newtec

On March 27, 2019, ST Engineering acquired communications company Newtec for 250M EUR

Acquisition Highlights
  • This is ST Engineering’s 1st transaction in the Communications sector.
  • This is ST Engineering’s 0th largest (disclosed) transaction.
  • This is ST Engineering’s 1st transaction in Belgium.

M&A Deal Summary
Date 2019-03-27
Target Newtec
Sector Communications
Buyer(s) ST Engineering
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target

Newtec

Sint-Niklaas, Belgium
Newtec is a technology provider in the satellite broadcast segment with unique ultra-high throughput capabilities and a strong presence in the European satcom market. It has a range of cost-effective consumer satellite terminals, and industry-leading bandwidth efficiency technology.

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Buyer(S) 1

Buyer

ST Engineering

Singapore, Singapore
Category Company
Founded 1967
Sector Manufacturing
Employees22,494
Revenue 10.1B SGD (2023)
DESCRIPTION

ST Engineering provides shipbuilding and ship repair, having successfully delivered numerous turnkey solutions for naval and commercial vessels, as well as high engineering content repair and conversion services, leveraging advanced technologies like 3D modelling and digitalisation to enhance operational efficiency and meet complex customer needs. ST Engineering was founded in 1967 and is based in Singapore.

DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Belgium) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 Aethon

Pittsburgh, Pennsylvania, United States

Aethon, Inc. is a designer and manufacturer of courier robots for hospitals for tracking and recovering goods, finding and delivering goods, depending on the hospital's specialized needs. Aethon, Inc. was founded in 2004 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Singapore Test Services

Singapore, Singapore

Singapore Test Services is a provider of materials testing, chemical and environmental testing, calibration and certification. Singapore Test Services is based in Singapore.

Sell -
Mergr

Product

Company

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