Singaporean fund acquires British technology firm in 7-billion USD deal

Wednesday, 2022-01-26 15:44:45
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Temasek agrees to acquire Element Materials Technology Group from Bridgepoint. (Photo: Reuters)
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NDO/VNA - 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.

Global operator Element Materials assesses cutting-edge technology across a wide variety of sectors, including aerospace, connected technology, life sciences, energy transition and transportation.

Temasek said the deal would enable it to offer customers more environmentally-friendly product solutions.

Temasek was already a minority shareholder of Element.