Singapore-based investment company Temasek Holdings Pte is considering selling Element Materials Technology, a British materials certification company. This is reported by foreign media.
The sale of Element Materials assets may attract interest from strategic partners.
Temasek acquired Element Materials in 2022 for 7 billion, including debt obligations. Later, Element Materials acquired National Technical Systems, a company in the field of qualification testing for the aerospace and defense industries.
Temasek Holdings is a Singaporean state—owned company and the largest investment company in Asia. The company manages assets worth $288 billion. The headquarters is located in Singapore.
Element Materials Technology is a British company in the field of testing, inspection and certification of materials (metals, polymers, ceramics, etc.) for a wide range of industries, including aerospace, defense, oil and gas, transportation and consumer. The headquarters is located in London (England) with 270 laboratories in 30 countries and over 9,000 employees.
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