Ambu Acquires Penang Factory from SkyGate
Danish medtech company Ambu has agreed to buy a 1.8-acre leasehold factory in Bayan Lepas, Penang, from SkyGate Solutions for 61 million DKK.
The completion date is targeted for July 2026. SkyGate Solutions, a Malaysia-based precision engineering and industrial property group, will use the proceeds to reinvest in higher-growth projects.
- SkyGate acquired the factory in April 2017 for roughly 23.3 million DKK.
- Ambu, founded in Denmark in 1937, is a global medical technology company known for single-use endoscopy and diagnostic devices.
The disposal will free up capital for reinvestment in higher-growth projects.
Ambu is set to expand its presence in the region with this acquisition.
Author's summary: Ambu buys Penang factory for 61 million DKK.
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