Electrical firm acquired

Electrical firm acquired

MELBROUNE (Reuter): BTR Plc's Australian subsidiary BTR Nylex Ltd said it acquired 51 percent of the equity of Australian-based Universal Motor Control (UMK) and its Indonesian subsidiary PT Kontrol Ragam.

The acquisition of UMK, which manufactures custom-made electrical control equipment, was made through Tamco Corporate Holdings Sdn Bhd, part of BTR Nylex's majority-owned unit, Nylex (Malaysia) Bhd, BTR Nylex said.

It said UMK has expanded rapidly in South East Asia and has won orders totaling US$30 million in Indonesia, Thailand, Hong Kong and Singapore. Price was undisclosed.