Glostrext to acquire 70% stake in Powertecs to diversify into power systems

Glostrext alternate director to Ir. Dr. Lee Sieng Kai, Lee Ming Jean

KUALA LUMPUR: Geotechnical instrumentation and testing service provider, Glostrext Bhd is diversifying into the provision of power system products with a proposed acquisition of 70% stake in Powertecs System Sdn Bhd for RM4.2mil in a cash and share deal.

Powertecs is principally involved in the trading of power supply system products manufactured and supplied by European uninterrupted power supply system producer Piller Power Systems.