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Nordic Group makes another acquisition to diversify earnings base

Douglas Toh
Douglas Toh • 2 min read
Nordic Group makes another acquisition to diversify earnings base
Nordic Group's acquisitions aim to help the comapny diversify its earnings bases. Photo: Albert Chua/ The Edge Singapore
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Nordic Group has announced yet another acquisition, as part of its ongoing bid to diversify its earnings base.

The company on Dec 11 announced plans to pay $5 million for Avon Industries, which is in the business of designing and building fuel dispensing systems in commercial and military airports.

The acquisition is a chance for Nordic, led by executive chairman Chang Yeh Hong, to extend its suite of operation and maintenance services to government agencies. 

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