Singapore Technologies Engineering’s (ST Engineering) subsidiary Singapore Technologies Engineering (Europe) Ltd has completed the acquisition of a 100% ownership in Newtec Group.
According to ST Engineering, the Newtec acquisition, together with the recent acquisition of Glowlink Communications Technology, Inc, which possesses advanced satellite communications anti-jamming technology, will enable the company to harness its unique capabilities to create a highly differentiated global satcom business group.
Newtec will be renamed as ST Engineering iDirect (Europe) NV.
