In a bid to move up the value chain and attain economies of scale, KNM Group, Malaysian energy service provider will buy German engineering firm Borsig BBetv for 1.67 billion ringgit (US$522 mln). KNM makes process equipment for the energy and petrochemical industries, whereas Borsig specialises in component and process equipment and plant construction.
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Thursday, March 06, 2008
Malaysia's KNM Group to buy German engineering firm for US$522 mln
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