Acquired Eratech Pte Ltd for $10 million.  Eratech Pte Ltd is a leader focused on precision metal machining, tools and die, jig and fixtures design, and material fabrication.  Eratech Pte Ltd is also a manufacturer of Automation Equipment/Machine in Assemble and Automation Processes

Acquired Starburst Engineering Private Limited and subsidiaries of (“Starburst Holdings Limited”) for $59.1 million. Starburst Holding Pte Ltd specializes In Modern Firearms-Training Facilities Serving Law Enforcement, Military, and Security Agencies Worldwide

Acquired Envipure Pte Ltd and subsidiaries of (“Envipure Group”) for $14.8 million. Envipure Group provides cleanroom, air and water engineering services such as tools hook up services, air pollution control scrubbers and water treatment plant for the semiconductor, oil and gas, power plant and municipality sectors.

Acquired Ensure Engineering Pte Ltd to diversify into Maintenance Services business segment while expanding clientele base to government agencies like Public Utilities Board (PUB) and the National Environment Agency (NEA)

Acquired Austin Energy (Asia) Pte Ltd (“Austin Energy”) to diversify into Insulation Services business and to forge a synergistic partnership with our Scaffolding Services division

Started offering sheet metal fabrication services

Expanded our product offerings under the System Integration division, adding Automation and Navigation Systems to our current product line

Purchased property at 5 Kwong Min Road

Acquired Multiheight Scaffolding Pte Ltd (“Multiheight Scaffolding”) to diversify into Scaffolding Services business and expanded our range of products and services to new customers in the onshore oil and gas sector

Listed on the Mainboard of SGX-ST

Started offering a more comprehensive range of Engineering, Procurement, Installation and Conversion (“EPIC”) services

Incorporated Nordic Flow Control (Suzhou) Co., Ltd (“Nordic Suzhou”)

Received the Type Approval Certificate from Germanischer Lloyd for the Nordic Multi-Functional Automation Systems (NORMAS)

Achieved major breakthrough in the PRC market through deployment of our own sales staff to undertake sales and marketing activities

Set up Avitools (Suzhou) Co., Ltd (“Avitools Suzhou”), and representative offices in Shanghai and South Korea

Clinched first Korean contract from STX Shipbuilding Co., Ltd, supplying Tank Gauging Systems

Transformed into a provider of ship automation solutions to vessels

First contract from China Shipbuilding Trading Co. (International), Ltd, supplying Valve Remote Control Systems to vessels in Wenchong Shipyard

Incorporated Nordic Flow Control Pte. Ltd. (“Nordic Flow Control”), started off as a service agent for marine control systems, providing after-sales services to end users