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Electronics Production | January 18, 2012

Inari to buy majority share in Ceedtec

Inari Berhad, a Malaysian EMS-provider, has announced plans to acquire a 51% stake in Ceedtec, an ODM, R & D provider, and eco-system partner for Agilent in Penang.

The deal will cost a total of RM 3.6 million (1.14 million USD). “Our investment in Ceedtec will enable Inari Group to be a part of Agilent’s supply chain ecosystem which is in line with the Inari Group’s aspirations of becoming a premiere electronics manufacturing services provider in the region,” said Inari CEO Lau Kean Cheong regarding the deal.
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