Betamek Berhad is looking to expand its operations by way of acquiring an established automotive electronics player Sanshin (Malaysia) Sdn. Bhd.
Betamek has entered into a share purchase agreement with OUTSOURCING Inc., a public listed company on the Tokyo Stock Exchange to secure a 100.0% equity interest in Sanshin with a cash consideration set at RM13.4 million. This acquisition is valued at a price-to-earnings multiple of 10.0 times, based on the audited profit after tax of RM1.3 million for Sanshin, reflecting both the strategic value and the financial health of the acquired entity.
Sanshin, established as TWD Sanshin (Malaysia) Sdn. Bhd. in 1985 and later renamed, is renowned for its expertise in manufacturing car audios, and other electronics components, serving markets in Malaysia, Japan, Hong Kong, and Thailand. This acquisition will position Sanshin as a wholly-owned subsidiary of Betamek, significantly broadening Betamek’s customer base and further cementing its market presence. The expanded clientele, coupled with a wider array of product offerings, reinforces Betamek’s competitive edge and industry standing.
With Sanshin’s diverse product range and established markets in Japan, Hong Kong, Thailand, and beyond, Betamek looks set to widen its horizon, offering an enriched portfolio to a broader clientele.
