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Steel Hawk acquires 55% stake in Sparksfly

PRIVATEJul 30, 202610 days ago

Acquiring Company

Steel Hawk Bhd

Acquired Company

Sparksfly Sdn Bhd

Petaling JayaKulaiEnergyOil And GasEnergyOil And Gas

Description

Steel Hawk Bhd has successfully acquired a 55% stake in Sparksfly Sdn Bhd for RM1.1 million. This acquisition is intended to strengthen Steel Hawk's engineering capabilities and expand its market presence in southern Malaysia. The deal will be executed through Steel Hawk Manufacturing Sdn Bhd, its wholly-owned subsidiary. This strategic move is expected to diversify Steel Hawk's revenue streams and enhance its customer base.

Company Information

Company

Steel Hawk Bhd

Location

Petaling Jaya, Selangor, Malaysia

About

Steel Hawk Bhd is a Malaysian company focused on engineering and manufacturing. It aims to enhance its capabilities in various engineering segments. The company has been actively pursuing strategic acquisitions to support its long-term growth. Steel Hawk engages in engineering, procurement, construction and commissioning activities.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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