JEDDAH -- SEDCO Capital, a leading asset manager, announced Tuesday that it has successfully completed the acquisition of a strategic minority stake in Nedec Co. Ltd.
Established in 1985 and headquartered in South Korea, Nedec is one of the largest manufacturers of die-casting and machining products for storage devices, automobile components and precision motors. It operates manufacturing facilities in Korea and has operations in China, Philippines, Vietnam, Thailand, Mexico and the US.
Hasan Al-Jabri, Chief Executive Officer of SEDCO Capital, said: "We are delighted to be partnering with one of the leading manufacturers of die-casting internationally. This transaction is in line with our strategy to grow our assets under management regionally and globally while seeking new acquisition opportunities to create valuable partnerships and high return on investments."
"We are pursuing investments in sectors where our team has built a solid track record and believe this acquisition will create value for our investors and shareholders and enhance our ability to generate returns," he added
SEDCO Capital's global network allows them to find and invest in unique companies across sectors and geographies. SEDCO Capital's strategy has always been to partner with high caliber management teams in growth companies that generate sustained returns for their investors.
© The Saudi Gazette 2016