Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | October 10, 2007

ST Electronics & Albacomp Hungary ink deal

ST Engineering's Electronics Arm And Albacomp Computers Company Jointly Pursue ICT Infrastructure Projects In Hungary. MOU signed during PM Lee Hsien Loong's official visit to Hungary.
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its electronics arm, Singapore Technologies Electronics Limited (ST Electronics) and Albacomp Computers Company (Albacomp) have signed a Memorandum of Understanding to jointly pursue and implement ICT (Information Communication Technologies) -based infrastructure projects for the public and private sectors in Hungary. Albacomp is amongst the five largest IT companies in Hungary and is based in Székesfehérvár, 60km from Budapest. Witnessed by Singapore's Prime Minister, Mr Lee Hsien Loong and Hungary's Minister of Economy & Transport, Mr Janos Koka, the MOU was signed in Budapest during the Singapore-Hungary Business Forum, organised as part of PM Lee Hsien Loong's official visit to Hungary. ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd (ST Engineering).

As a start, both companies have identified and agreed to pursue two public projects in Hungary, in mass transit applications and in e-Government solutions. The companies expect potential market opportunities worth more than US$100m in the near term.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
December 13 2017 10:15 PM V8.9.2-1