TOKYO, April 12 – Betamek Berhad, a prominent player in electronics manufacturing services (EMS) for the automotive industry, has announced a significant milestone with the acquisition of Sanshin (Malaysia) Sdn. Bhd. (“Sanshin”). This strategic move, solidified through a share purchase agreement with OUTSOURCING Inc., positions Betamek as a dominant force in automotive electronics manufacturing.
Sanshin, established in 1985 and renowned for its expertise in manufacturing car audios and other electronics components, will now operate as a wholly-owned subsidiary of Betamek. The acquisition, valued at RM13.4 million, reflects a price-to-earnings multiple of 10.0 times based on Sanshin’s audited profit after tax of RM1.3 million. With a broadened customer base and diversified product offerings, Betamek is poised to strengthen its competitive edge and market presence significantly.
Encik Muhammad Fauzi Bin Abd Ghani, Executive Director of Betamek, expressed optimism about the acquisition, emphasizing Betamek’s commitment to innovation and leadership in the automotive electronics sector. With Malaysia’s robust automotive market and a resilient forecast despite global economic challenges, Betamek is well-positioned to drive growth and deliver enhanced value to its stakeholders. The acquisition marks a transformative phase for Betamek, propelling the company toward a future of expanded capabilities and market leadership in automotive electronics innovation.
