Linkers Industries Limited (NASDAQ: LNKS) has announced it signed a non-binding memorandum of understanding to acquire additional equity interests in LPW Electronics Co. Ltd. in Thailand, potentially increasing its ownership from 20% to up to 49%. The proposed transaction is intended to expand Linkers’ manufacturing capabilities and scale through LPW’s 6,500-square-meter facility, which serves multinational automotive and industrial customers. The deal remains subject to due diligence, a definitive agreement, and required approvals, with management noting the potential acquisition could enhance earnings visibility and support the company’s growth as a multinational wire harness manufacturer.
Linkers Industries is a manufacturer and supplier of wire and cable harnesses with manufacturing operations in Malaysia and over 20 years of experience in the industry. The company offers customized wire harnesses for different applications and electrical designs. Its customers are generally global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries, mainly based in the Asia Pacific region.
The potential increase in stake in LPW Electronics aligns with Linkers’ strategic growth plans, as the facility in Thailand provides additional capacity to serve the automotive and industrial sectors. The move is expected to strengthen Linkers’ position in the region and diversify its manufacturing footprint. For more details, the full press release can be viewed at https://ibn.fm/xB9oc.
About Linkers Industries Limited: The company is a manufacturer and supplier of wire and cable harnesses with operations in Malaysia and a history spanning over 20 years. It offers customized solutions for home appliances, industrial products, and automotive applications. More information is available at https://www.linkers-hk.com/.
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