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Taiwan’s TECO to buy Malaysia's Dynaciate in $50.8M AI data center expansion deal
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Taiwan’s TECO to buy Malaysia's Dynaciate in $50.8M AI data center expansion deal
Taiwan-based TECO Electric & Machinery will acquire a majority stake in Malaysian engineering firm Dynaciate, in a deal worth MYR200 million ($50.8 million), as part of its expansion into Southeast Asia’s AI data center infrastructure market. In a statement on Monday, TECO said the transaction is expected to close before the end of August. Upon completion, TECO will hold about 78 percent of Dynaciate. Dynaciate will serve as a manufacturing hub …
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