Singapore: BH Global, a group providing electrical solutions to the marine and offshore industries, has signed a non-binding Memorandum of Understanding for the disposal of the group’s 60% equity stake in Z-Power Automation with XMH Holdings for S$9.9m. BH Global said the move was part of plans to focus on its core business.
Z-Power is a provider of automation services and total solutions for the marine & offshore industries and specializes in the assembly, manufacturing and retrofitting of switchboards, distribution panels, console, control systems, switchgears and other integrated marine automation products. [21/08/14]
