ANNOUNCEMENT 15 Mar 2022

In March 2022, ST Engineering obtained clearance from CFIUS for the proposed acquisition of TransCore.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

ST Engineering, News, “ST Engineering Receives CFIUS Approval for the Proposed Acquisition of TransCore”. Available at: https://www.stengg.us/st-engineering-acquisition-of-transcore/

Inception date: 15 Mar 2022 | Removal date: open ended

FDI: Entry and ownership rule

On 15 March 2022, Singapore Technologies Engineering Ltd (ST Engineering) announced that it has obtained clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed acquisition of TransCore Partners, LLC. The value of the transaction is approximately USD 2.68 billion.

ST Engineering is a global technology, defence and engineering group. Transcore develops traffic management and tolling systems across the globe.

CFIUS is an inter-agency committee of the United States Government that is authorized to review the national security implications of foreign investments in U.S. companies or operations.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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