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SINGAPORE: Singapore-listed CSC Holdings said that one of its subsidiaries has agreed to buy a 70 per cent stake in Malaysian geotechnical instrumentation firm Spectest for S$2 million.
Spectest provides instrumentation and monitoring services for geotechnical, civil, structural, maritime and environmental engineering.
It developed the Global Strain Extensometer pile instrumentation test technology, which is gaining popularity.
CSC said the firm's activities are an extension of its current business of soil investigation, geotechnical instrumentation and monitoring services.
It added that the acquisition of Spectest will enhance its range of services that can be offered to its clients.
The company does not expect the deal to have any material impact on its earnings and assets for the current financial year.
- CNA/sc
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