Greatech signs MoU for 60% acquisition of automation provider

KUALA LUMPUR: Greatech Technology Bhd has entered into a memorandum of understanding with Garreth Finlay and Fergus Hynes for the proposed acquisition of 60% equity interest in Kaon Automation Ltd.

According to the company's filing with Bursa Mlaysia, Kaon Automation, incorporated in the Republic of Ireland in 2006, is principally involved in the provision of automation solutions for leading manufacturing companies globally in the medical device, automotive, electronics and consumer goods sectors.