Integrated technology solutions company Frencken Group is acquiring a 100% stake in high-precision manufacturing solutions provider Avimac Pte Ltd for $14 million.

According to a statement, the acquisition was carried out via Frencken’s wholly-owned subsidiary, ETLA Ltd.

Frencken group president Dennis Au said the acquisition will allow the company to accelerate the expansion of its capacity to support customers’ new programmes, aside from gaining access to new technologies and competencies.

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