Singapore's state investment fund Temasek is acquiring a British tech firm that tests materials in a wide range of industries to ensure they are sustainable, in a deal reportedly worth $7 billion.

Temasek agreed on Tuesday to buy Element Materials Technology from private equity firm Bridgepoint, saying the deal would enable it to offer customers more environmentally-friendly product solutions.

"We are pleased to continue our relationship with Element as it works with its customers and explores greater opportunities to be part of their decarbonisation and sustainability journeys," said Uwe Krueger, who is Temasek's head of industrials, business services, energy and resources.

Global operator Element Materials assesses cutting-edge technology across a wide variety of sectors, including aerospace, connected technology, life sciences, energy transition and transportation. The group on Tuesday said it was "well positioned" to accelerate its growth under Temasek's ownership.

Element chief executive Jo Wetz noted the group had increased staff numbers and locations tenfold in the past decade.



Contact
reader@banginews.com

Bangi News app আপনাকে দিবে এক অভাবনীয় অভিজ্ঞতা যা আপনি কাগজের সংবাদপত্রে পাবেন না। আপনি শুধু খবর পড়বেন তাই নয়, আপনি পঞ্চ ইন্দ্রিয় দিয়ে উপভোগও করবেন। বিশ্বাস না হলে আজই ডাউনলোড করুন। এটি সম্পূর্ণ ফ্রি।

Follow @banginews