CVC Asia Pacific Ltd. and Standard Chartered Private Equity Ltd. said Thursday they completed the acquisition of Acument Global Technologies' Avdel and Global Electronics & Commercial business units.
They didn't disclose the price. The acquisition was done through an indirectly owned company that will be renamed infastech Ltd. Avdel and GEC will be grouped under the new brand infastech.
Headquartered in Singapore, infastech produces engineered mechanical fasteners, such as rivets, screws, bolts and nuts, that are used in the construction, automotive, electronics, industrial and commercial industries. It has more than 1,800 employees and operates facilities in 16 countries including Australia, China, Hong Kong, India, Japan, South Korea, Malaysia, Singapore, Taiwan and Thailand.
