ST Engineering ups shareholding in IV Phoenix Group

PGI is engaged in engineering design.

Singapore Technologies Engineering Ltd announced that it has increased its shareholding in IV Phoenix Group Inc from 95% to 97%. The increase is through Miltope Corporation, a wholly-owned subsidiary of ST Engineering’s US holding company Vision Technologies Systems, Inc.

This is due to the relinquishment of PGI shares by PGI’s minority shareholders to VT Miltope as part of an agreement reached in 2005.

Aside from engineering design, PGI is also engaged in development of small, rugged hand-held computers utilising commercial off the shelf technology to support applications in harsh environments.

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