ST Engineering completes acquisition of Newtec Group NV

A subsidiary of ST Engineering, Singapore Technologies Engineering (Europe) has today completed the acquisition of a 100% ownership in Newtec Group NV (Newtec) and Newtec will be renamed as ST Engineering iDirect (Europe) NV.

The acquisition will enable us to harness our unique capabilities to create a highly differentiated global satcom business group, placing us in a stronger position as an innovation leader in the Satcom industry.

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