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Amtek to lift itself out of HDD slump with US$210m deal

Purchase of Interplex will boost its global sales to about US$1b

IN A deal aimed at lifting it beyond the declining hard disk drive (HDD) market, local precision engineer Amtek Engineering yesterday announced its purchase of US firm Interplex Industries for up to US$210 million.

The acquisition comprises US$165 million of enterprise value, a US$11...

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