Pekat Group completes 60% acquisition of Apex Power


PETALING JAYA: Pekat Group Bhd’s wholly owned subsidiary, Pekat Teknologi Sdn Bhd, has completed the RM96mil acquisition of a 60% stake in Apex Power Industry Sdn Bhd, marking its entry into the power distribution equipment business.

Pekat Group, a solar photovoltaic and earthing and lightning protection (ELP) specialist stated that Apex Power, along with its wholly owned subsidiary EPE Switchgear Sdn Bhd, is one of Malaysia’s largest manufacturers of medium voltage electrical switchgear.

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