CSE Global on the lookout for M&As
It hopes to tap new shareholder Heliconia; sees downturn as opportunity to entrench itself further in customers' supply chains.
RECENT acquisitions have shored up CSE Global's financial performance, making the tech-solutions provider a bright spot in the Covid-19 pandemic-hit oil and gas sector. With a continued appetite for mergers and acquisitions (M&As), it is now eyeing a "consolidator" role in the downturn.
CSE is looking at buying opportunities in the oil and gas and the critical infrastructure segments in the United States, as well as the infrastructure sector in Singapore and Australia, group managing director Lim Boon Kheng told The Business Times.
The engineering-centric firm specialises in control systems and telecommunication network and security solutions. It serves the oil and gas industry in the Americas, with clients including oil majors BP and Shell, as well as the infrastructure and mining segments in Asia-Pacific.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won