Betamek Berhad has accnounced the completion of its acquisition of Sanshin (Malaysia) Sdn. Bhd. as per the earlier announcement the group made on 1 April 2024. The agreement secures a 100.0% equity interest in Sanshin for Betamek, with a cash consideration set at RM13.4 million.
The group said the 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 positions 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.
