342 views
Logo from ST Engineering

ST Engineering’s cyber unit acquires D’Crypt for $67.5m

StarHub’s indirect subsidiary, Keele Investments owns D’Crypt.

ST Engineering’s cyber business, ST Engineering Info-Security, will acquire 100% of the issued shares of D’Crypt from Keele Investments, an indirect subsidiary of StarHub, for $67.5m.

Established in 2000, D’Crypt specialises in cryptographic technology design and offers solutions in encrypted communications, single-chip crypto tokens, secure computing and high-performance computing.

In a bourse filing, ST Engineering said it expects the acquisition to be “cash flow positive from the first year and earnings accretive by the second year post completion, after factoring in financing cost, transaction and integration expenses and amortisation of intangibles.”

“The addition of D’Crypt to our Cyber business significantly augments our cryptographic and quantum capabilities, expanding our encryptor product offerings and enhancing our expertise in cybersecurity. This strategic addition strengthens our talent pool in cryptography and cybersecurity,” said Goh Eng Choon, president of ST Engineering’s Cyber business.
 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!