Greatech in deal to purchase Kaon


According to the company’s filing with Bursa Malaysia, Kaon Automation, incorporated in 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. (File pic: Greatech plant in Penang.)

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

According to the company’s filing with Bursa Malaysia, Kaon Automation, incorporated in 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.

Greatech said the proposed acquisition was part of its strategic plan to grow its business by widening its offerings.

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