Serba Dinamik Group Berhad (“Serba Dinamik”) has announced today that it has entered into an agreement with the Dutch company Psicon BV (“Psicon”) to form a strategic partnership. Serba Dinamik has acquired a 25 per cent stake in Psicon.
Serba Dinamik is one of Malaysia’s largest engineering solutions- and service providers and is listed on the Malaysian stock market. Psicon is a company based in the Netherlands focusing on advance engineering solutions for the rotating equipment after market.
By joining forces, Serba Dinamik and Psicon will be strategically positioned to create sustainable long-term growth, expand portfolios and future business activities as well as realize synergies in the value chain.
The partnership will allow Serba Dinamik full access to Psicon’s advanced rotating equipment engineering and design capabilities and its experience in the markets in Europe and strengthens Serba Dinamik market strong hold in the Middle East.
For Psicon this partnerships boosts Psicon’s financial position and allows Psicon to use Serba Dinamik experience in the markets in South East Asia and the Middle East.
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