Linkers Industries Limited (NASDAQ: LNKS) announced it has entered into a non-binding memorandum of understanding (MOU) to acquire additional equity interests in LPW Electronics Co. Ltd. in Thailand. The proposed transaction, if completed, could raise Linkers' ownership from 20% to up to 49%. This strategic move is intended to expand Linkers' manufacturing capabilities and scale through LPW's 6,500-square-meter facility, which serves multinational automotive and industrial customers.
The MOU remains subject to due diligence, a definitive agreement, and required approvals. Management noted that the potential acquisition could enhance earnings visibility and support the company's growth as a multinational wire harness manufacturer. Linkers Industries is a manufacturer and supplier of wire and cable harnesses with manufacturing operations in Malaysia and over 20 years of experience in the industry. The company offers customized wire harnesses for different applications and electric designs, serving global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, primarily based in the Asia Pacific Region.
The full press release is available at https://ibn.fm/xB9oc. For more information about Linkers Industries, visit https://www.linkers-hk.com/.
