© vladek dreamstime.com Electronics Production | October 15, 2019
ST Engineering completes acquisition of Newtec Group
After the acquisition, Newtec will be renamed as ST Engineering iDirect (Europe) NV.
Singapore Technologies Engineering (Europe) Ltd has completed the acquisition of a 100% ownership in Newtec Group NV (initial announcement made on 27 March 2019) following the fulfilment of completion conditions, including the receipt of applicable regulatory approvals. This Newtec acquisition, together with the recent acquisition of Glowlink Communications Technology, Inc, which possesses advanced satellite communications anti-jamming technology, will "enable ST Engineering to harness their unique capabilities to create a highly differentiated global satcom business group", a short press release states.