Edelteq acquires 51pct stake in factory automation company Nixma
KUALA LUMPUR: Edelteq Holdings Bhd is acquiring a 51 per cent stake in factory automation solutions provider Nixma Technology (M) Sdn Bhd for RM15.3 million.
KUALA LUMPUR: Edelteq Holdings Bhd has acquired a 51% stake in factory automation company Nixma Technology (M) Sdn Bhd, valued at RM15.3 million. The acquisition is set to be finalized by the end of 2026. This move is expected to bolster Edelteq's standing in the semiconductor equipment and factory automation sectors by enhancing its technical capabilities, expanding its product range, and gaining access to Nixma's existing multinational clientele.
In the agreement, Nixma's vendors have guaranteed a minimum audited profit after tax of RM6 million for the fiscal year concluding December 31, 2026. Should this target not be met, Nixma's vendors are obligated to compensate the difference. The RM10.8 million derived from the share subscription will be utilized by Edelteq to construct a new factory, purchase industrial land, or acquire existing factory premises to facilitate Nixma's expansion and production capabilities.
Edelteq's shares witnessed a 3.66% increase, closing at 42 sen, bringing the company's valuation to RM248.96 million.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
