XMH to acquire majority stake in Z-Power Automation

Singapore: Singapore-listed XMH Holdings, a marine propulsion solution provider, has announced that it has entered into a sale and purchase agreement for an 80% equity stake in Z-Power Automation with BH Global, and individual shareholders for a consideration price of S$12.8m.

“The acquisition will allow the group to expand its core businesses to include the supply of Z-Power’s marine switchboards, remote control distribution systems, motor control centers, shipboard cable installation and other integrated marine automation products,” XMH said.

Z-Power is a provider of automation services and total solutions in the design and manufacturing for the marine and offshore industries. [18/11/14]

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