Templewater, a Hong Kong-headquartered investment firm, has acquired Knight Auto Precision Engineering Pte Ltd, a Singapore-based precision engineering business. The acquisition was announced on August 31, 2023. The financial terms of the deal were not disclosed.
Knight Auto is a leading manufacturer of components for semiconductor chip testing and assembly. The company has a strong track record of innovation and customer service. It serves a blue-chip customer base consisting of the world’s largest Integrated Device Manufacturers (IDMs) and Outsourced Semiconductor Assembly and Test Suppliers (OSATs).
Templewater is a private equity firm that invests in growth-oriented businesses in the Asia-Pacific region. The firm has a strong track record of success and has a team of experienced investment professionals.
The acquisition of Knight Auto is a strategic move for Templewater. The company sees the semiconductor industry as a key growth area and believes that Knight Auto is well-positioned to benefit from the industry’s growth.
Templewater plans to invest in Knight Auto to help the company expand its product range and geographic reach. The firm also plans to help Knight Auto develop new technologies and solutions for the semiconductor industry.
The acquisition of Knight Auto is a significant development for the semiconductor industry in Singapore. It is a vote of confidence in the industry and its future prospects. The acquisition is also a boost for the Singapore economy, as it will create jobs and generate economic activity.
