Taiwan-based industrial computer maker Ennoconn has acquired a 54.14% controlling stake in NERA, investing roughly SGD 14.7 million (approximately NT$363 million). The acquisition, completed through Ennoconn’s subsidiary Ennoconn Solutions Singapore Pte Ltd, involved the purchase of 195.9 million ordinary shares at around SGD 0.075 each.
Ennoconn aims to use NERA’s extensive global business network to drive strategic AI and digital transformation initiatives. By combining resources in technology, applications, platforms, and market outreach, the company expects to accelerate its competitive positioning and international business expansion. Ennoconn’s plan focuses on integrating digital strategies to bolster growth across its core segments.
In its latest financial update, Ennoconn reported a September revenue of NT$12.894 billion, marking a 19.1% increase year-over-year. Third-quarter revenue rose 3.85% from the previous quarter to NT$37.721 billion, achieving a new quarterly high. Cumulative revenue for the first three quarters reached NT$106.76 billion, up 22.1% from the previous year, setting a record for the period.
Ennoconn’s revenue surge underscores its robust growth trajectory as the company seeks to capitalize on its expanded international presence through the NERA acquisition.
