31 AUGUST 2016AlCircle.com
Saudi Arabian asset management group Sedco Capital acquires strategic minority stake in Nedec
Edited by : Beethika Biswas
1 min read
<p>Saudi Arabian asset management group Sedco Capital acquired a strategic minority stake in Nedec, one of the top manufacturers of die-casting and machining products.<br /><br />A South Korean company established in 1985, Nedec's products are used in storage devices, automobile components and precision motors. Other than their manufacturing facilities in Korea they also operate from China, Philippines, Vietnam, Thailand, Mexico and the US.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/NEDEC.jpg" alt="News" width="512" height="341" /><br /><br />Commenting on the acquisition 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.”<br /><br />Sedco Capital has a global network that looks for investment opportunities across sectors and geographies in unique companies.</p>
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