Techna-X Acquires 49% Stake in NHK - - Financial Market Media No. 1 in the World Techna-X Acquires 49% Stake in NHK Techna-X Acquires 49% Stake in NHK

June 17, 2021

Techna-X Acquires 49% Stake in NHK

Techna-X Bhd has entered into a sale and purchase agreement to acquire a 49% stake in NHK Energy Construction Sdn Bhd.

Executive Chairman Tunku Naquiyuddin ibni Tuanku Ja’afar said the acquisition is expected to further accelerate the company’s expansion into the green energy segment of smart cities in Malaysia and the Asia Pacific region.

"We are excited to have a relationship with NHK, where both parties see great synergies and expansion opportunities in leveraging smart digital technologies and renewable energy, especially through Internet of Things (IoT) technology and our ultra capacitors," he said as reported. by Bernama.

Meanwhile, NHK Managing Director Nik Hilmi Kadir said the collaboration with Techna-X would open up opportunities in offering integrated smart city solutions to the market.

“NHK will benefit greatly from synergies with Techna-X’s smart digital ecosystem, data analytics, mobile data including IoT solutions.

"With Techna-X's expertise and financial support, NHK will intensify its offerings to local councils and increase its launch nationwide," he added.

Techna-X is a manufacturer of ruthenium-based ultra capacitors and a leading technology player in renewable energy storage, digital transformation as well as IoT.

NHK is a green energy company that designs, develops, commissioning, contracting and briefing the renewable energy -related market.