ST Engineering Forms JV with HTX to Develop and Maintain Capabilities for Mission-Critical Systems
Singapore, March 25 -- Singapore Technologies Engineering Ltd (ST Engineering) announced that its subsidiary, ST Engineering Mission Software & Services Pte. Ltd., and HTX (Home Team Science and Technology Agency) have incorporated a joint venture (JV) company in Singapore. The JV has an initial paid-up capital of $10 million, with ST Engineering Mission Software & Services Pte. Ltd. holding a 60% stake and HTX holding the remaining 40%.The JV company, Codex Solutions Pte. Ltd., will focus on developing and maintaining in-house software capabilities for the Home Team. ST Engineering will contribute its expertise to develop tailored and integrated solutions, while HTX will bring its expertise in product innovation and management, and governa...
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