KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) is buying a controlling stake in Flexi Versa Group Sdn Bhd at enterprise value of RM330 million.The acquisition marks Ekuinas’ foray into the electrical and electronics industry, venturing into precision manufacturing.

This is Ekuinas’ second investment in the manufacturing sector following the acquisition of a homegrown lighting design and consultancy firm Davex (Malaysia) Sdn Bhd in December 2017.

Ekuinas said Flexi Versa is a leading, Southeast Asian contract manufacturer that caters to leading global consumer electronics brands, specifically as a turnkey and components manufacturer focusing on the audio and consumer appliances segment.

Photo Credit: New Starts Times

Published: April 16, 2018

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