ST Engineering injects $4.3m into auto firm Technicae
Technicae provides MRO services for auto platforms for mostly military customers.
Singapore Technologies Engineering (ST Engineering) injected $4.3m into Brazilian auto firm Technicae Projetos e Serviços Automotivos Ltda. (Technicae).
According to a press release, this brings the total investment in Technicae to S$11.3m (BRL23.0m).
Technicae provides automotive maintenance, repair and overhaul (MRO) services including automotive platforms revitalisation and modernisation projects for its predominantly military customers.