SGX-LISTED Vibro-Power Corp Ltd (VibroPower), a leading specialist in power needs, has signed an agreement with Volvo Penta to take over the Swedish multinational's generator set (genset) assembly and distribution business in Malaysia.
The two companies said in a joint statement on Tuesday that Volvo Penta, which recorded about RM25mil in turnover in 2002, would transfer its entire existing genset operation in Shah Alam to VP Power Sdn Bhd (VP Power), a wholly-owned Malaysian subsidiary of VibroPower.
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