Nishio Rent All Co., Ltd. completed the acquisition of United Power & Resources Pte. Ltd from Greatearth Pte Ltd.
May 10, 2019
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Nishio Rent All Co., Ltd. (TSE:9699) entered into a share sale agreement to acquire United Power & Resources Pte. Ltd from Greatearth Pte Ltd for SGD 56 million on April 12, 2019. Nishio Rent All Co., Ltd. will acquire 26.5 million shares of United Power & Resources Pte. Ltd. The transaction is expected to be closed on May 7, 2019.
Nishio Rent All Co., Ltd. (TSE:9699) completed the acquisition of United Power & Resources Pte. Ltd from Greatearth Pte Ltd on May 10, 2019. For the year ended December 31, 2019, United Power & Resources Pte. Ltd has revenue of SGD 32.8 million and pre tax profit of SGD 7.9 million.
Nishio Holdings Co Ltd is a Japan-based company mainly engaged in the rental of construction and facility construction equipment, such as civil engineering and road machinery, aerial work machinery, construction machinery, surveying equipment, as well as related equipment for events, and other related businesses. The Rental-related business segment is engaged in the rental and construction of construction equipment, track construction equipment, contaminated soil and contaminated water treatment equipment, muddy water treatment equipment, tunnel and dam construction machinery, event equipment, and photography props, as well as electrical equipment work, electrical wiring work, and operation work for construction machinery and transport business. In addition, the Company is also engaged in the manufacture of tacks and screws, and construction equipment, as well as insurance and real estate leasing business.
NISHIO HOLDINGS CO., LTD. 
