Singapore: Natural Cool to sell Gathergates to Japan's Nitto Kogyo for $24m

Singapore: Natural Cool to sell Gathergates to Japan's Nitto Kogyo for $24m

Visual of Nitto Kogyo Corporation website. September 2015.

Singapore-based Natural Cool Holdings Limited has divested its stake in wholly-owned switchgear making subsidiary Gathergates Group to Japan’s Nitto Kogyo Corporation for a cash consideration of S$33.88 million (US$24.1 million). The deal will allow Natural Cool to consolidate its core businesses and use the capital to pursue other opportunistic investments.

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