CE Info Systems has approved strategic investments aimed at expanding its international footprint and strengthening partnerships in key markets.
Key Announcements:
- Joint Venture in Indonesia with Hyundai AutoEver:
- CE Info Systems has approved the incorporation of a joint venture in Indonesia in partnership with Hyundai AutoEver.
- The company will invest $4 million to acquire a 40% stake in the proposed joint venture.
- This move is expected to leverage CE Info Systems’ technological capabilities with Hyundai AutoEver’s market presence, aiming to enhance services in the Indonesian market.
- Additional Investment in US Subsidiary:
- The company also announced an additional investment of $0.5 million in its US-based subsidiary, C.E. International Inc.
- This further capital infusion is expected to support the growth and operational capabilities of the subsidiary, strengthening CE Info Systems’ presence in the North American market.
These strategic investments underline CE Info Systems’ commitment to expanding its global presence and collaborating with key industry players to drive growth in international markets.
