Singapore: ST Engineering’s land systems, aerospace arms acquire Indian, German subsidiaries

Singapore Technologies Engineering Ltd’s land systems and specialty vehicles arm ST Kinetics and its aerospace arm ST Aerospace have acquired subsidiaries in their respective fields.

ST Kinetics has injected Rs.480 million ($7.7 million) into LeeBoy India through its subsidiary SDG Kinetics to fund its working capital requirements. With this latest infusion SDG Kinetics’ total investment in LeeBoy India now stands at Rs1,479.8 million (around $22 million).

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