ANNOUNCEMENT 15 Mar 2022
In March 2022, ST Engineering obtained clearance from CFIUS for the proposed acquisition of TransCore.
NUMBER OF INTERVENTIONS
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/
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.