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APP Systems Invests in Protec Systems Pte
Ltd
Following
the successful acquisition of IGC Polycold
(USA) by Helix Technology Corporation (USA),
APP Systems Services and Protec Systems Pte
Ltd (existing distributor of IGC Polycold in
South East Asia) have entered into an
agreement whereby APP will acquire a 50%
equity stake in Protec Systems. The
agreement is effective as of 1 August 2005.
With this, both APP and
Protec will cooperate in their efforts and
resources to serve their customers more
effectively, with the full range of Helix
Technology’s products viz. CTI Cryogenics,
Granville Phillips and Polycold Systems, in
the region. |