In a Tuesday note, analysts K Ajith and Sophie Leong note that the acquired company was said to be in negative equity – but with its purchase by ST Engineering, Aethon now has “relatively advanced robotics capability for a low price”.
SINGAPORE (July 18): UOB Kay Hian is positive on Singapore Technologies (ST) Engineering’s acquisition of a 100% stake in US robotics company Aethon Inc., which was announced yesterday and will be at a consideration sum based on an enterprise value of US$36 million ($50 million).
