ST Engineering Enters Agreement to Acquire Ownership in Newtec Group

March 27, 2019 – Singapore Technologies Engineering Ltd (ST Engineering or the Group) announced that its subsidiary Singapore Technologies Engineering (Europe) Ltd, has entered into a conditional share purchase agreement to acquire a 100% ownership in Newtec Group NV (Newtec) (the “Proposed Acquisition”), an established Belgium-based company in the satellite communications (satcom) industry. The consideration…