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Fuji Electric Co., Ltd. announced that it has concluded a contract to acquire a 65 percent stake in CAC Joint Stock Company, one of Vietnam's leading engineering firms, headquartered in Ho Chi Minh City.
The objective of FE's capital participation in CAC, which has a solid track record of plant engineering projects in Myanmar and Cambodia, as well as Vietnam, is to strengthen engineering functions in the region, with the goal of further expansion of Asian operations together. FE has a significant share of the market for power plants in Vietnam, and the new company will be also utilized as a base for its maintenance services.
CAC will maximize the use of "Fe" brand as a group company when marketing, especially to Japanese potential customers, with strengthened engineering skills backed by FE. FE will leverage CAC's engineering capabilities to expand its business opportunities in industrial plant and systems with combination of applicable FE's power electronics equipment (inverters, rotators, UPS), measurement control instruments (DCS, PLC, analyzers, flowmeters, temperature controllers, transmitters), transformer equipment (GIS, switch gears, transformers) and other products and solutions for further customers' satisfaction.
FE will utilize CAC's customer base to increase sales, and to meet renovation demand for power distribution systems, production line equipment, process control systems and other products and solutions in a range of sectors, including cement, food and beverage, oil and gas, chemicals, water, paper, and steel.
Keywords: Engineering Firms, Power Plants, Industrial Plants, Power Electronics Equipment, Measurement Control Instruments, Transformer Equipment, ARC Advisory Group.