Sunningdale Tech To Acquire First Engineering For $80 Mn


Both Sunningdale Tech and First Engineering are Singapore-based integrated tooling and highly engineered plastic manufacturers.

They would have a combined annual revenue of more than $500 million, with around 10,000 employees located in manufacturing and corporate facilities across Asia, Australia, Europe, South America and North America.

“The combined strength of these two uniquely complementary organisations will create a highly diverse and technologically advanced industry leading player with an unparallelled global footprint,” said Mr Brian Smith, who will remain as First Engineering CEO.

“The combination of the two businesses also helps return the focus to Singapore as the global centre of speciality engineered manufacturing — with us as the clearly distinguished global leader,” he said.

Founded in 1979, FEL has operations in Singapore, Malaysia, China, and India, with commercial operations in Europe and the United States.

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Source: PTI