Singaporean armoured vehicles firm ST Kinetics invests in Brazil
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Through its subsidiary Mobility Systems Pte Ltd, Singapore Technologies Kinetics has acquired 90% of Technicae Projetos e Servièos Automotivos Ltda, an automotive maintenance, repair and overhaul (MRO) services company based in Brazil.
ST Kinetics has acquired the armoured vehicle MRO firm in order to establish and drive forward its strategic plan to establish itself in the Brazilian market and grow its presence in South America. The deal is worth$465,000 upfront with an additional $1.77 mil...
