PETALING JAYA: SFP Tech Group had inked a memorandum of understanding with existing shareholders of RPM Holdings Inc to buy a stake in the latter as part of a strategy to expand its business in four new countries as well as seven different sites.
According to a press release, SFP Tech said the strategic partnership will be beneficial for its business growth and will provide the group with an immediate presence in the new markets.
The engineering supporting service provider has yet to disclose the total purchase consideration for the stake acquisition in RPM Holdings.
RPM Holdings is an investment holding company and via its subsidiaries provides precision components and subsystems assembly for front-of-line equipment original equipment manufacturers within the semiconductor, aerospace and renewable energy sectors.
