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.

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