Singaporean fund acquires British technology firm in 7-billion USD deal
Singapore’s government-owned investment fund Temasek on January 25 agreed to acquire Element Materials Technology Group - a global provider of testing, inspection and certification services for materials and products - from Bridgepoint in a deal reportedly worth 7 billion USD.
Temasek agrees to acquire Element Materials Technology Group from Bridgepoint. (Photo: Reuters)
Singapore (VNA) - Singapore’s government-owned investment fund Temasek onJanuary 25 agreed to acquire Element Materials Technology Group - a globalprovider of testing, inspection and certification services for materials andproducts - from Bridgepoint in a deal reportedly worth 7 billion USD.
Global operator Element Materials assesses cutting-edgetechnology across a wide variety of sectors, including aerospace, connectedtechnology, life sciences, energy transition and transportation.
Temasek said the deal would enable it to offer customersmore environmentally-friendly product solutions.
Temasek was already a minority shareholder of Element./.
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Temasek agrees to acquire Element Materials Technology Group from Bridgepoint. (Photo: Reuters) 
