In June 2011, less than a year after its $22 million IPO, Nordic announced the $28.9 million acquisition of Multiheight Group, a scaffolding services provider. In an interview with The Edge Singapore, Chang recalls facing a room full of analysts, amused at why he was acquiring such a low-tech business for a relatively large sum.
From marine and offshore to semiconductor to security, Nordic Group gathers multiple tailwinds to power growth
When Nordic Group (SGX:MR7
) was listed on the Singapore Exchange in November 2010, it was positioned as a provider of automated controls and systems for the marine industry, which was a growing niche. However, when an industry downturn loomed, Chang Yeh Hong, the company’s executive chairman, realised he had to act quickly to diversify his earnings base before his order book dipped further.
