Business
ShawKwei & Partners Completes Acquisition and Delisting of PEC Ltd
ShawKwei & Partners ("ShawKwei"), an Asian private equity industrial investor, has completed the US$165 million acquisition and final delisting of PEC Ltd ("PEC") from the Singapore Exchange. The PEC acquisition is by Liberty Energy Solutions Ltd ("Liberty Energy"), an investment platform established under the control of ShawKwei.
About this update from Liberty Energy Inc.
[{"type":"text","content":"SINGAPORE, June 18, 2025 /PRNewswire/ -- ShawKwei & Partners ("ShawKwei"), an Asian private equity industrial investor, has completed the US$165 million acquisition and final delisting of PEC Ltd ("PEC") from the Singapore Exchange. The PEC acquisition is by Liberty Energy Solutions Ltd ("Liberty Energy"), an investment platform established under the control of ShawKwei.","length":407,"tagName":"p"},{"type":"image","alt":"ShawKwei & Partners","displaySize":"","headline":null,"caption":"ShawKwei & Partners","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":209,"url":"https://media.zenfs.com/en/prnewswire.com/8cac8d064a1992c49509b68b31f0edf4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ezJ57TpiALVTAEfVr9wizQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8cac8d064a1992c49509b68b31f0edf4","width":400,"height":209}},"href":"https://mma.prnewswire.com/media/2713935/Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Founded in 1982 and headquartered in Singapore, PEC is a well-established provider of maintenance and engineering, procurement, and construction (EPC) services for the oil & gas and petrochemical industries. PEC reported revenue of US$305 million, net profit of US$12 million, and a net cash position of US$110 million for the twelve months ending 31 December 2024. Please visit www.peceng.com for more information on PEC.","length":436,"tagName":"p"},{"type":"text","content":"Liberty Energy currently has two other wholly owned subsidiaries with CR3 Group ("CR3"), a leading energy engineering solutions leader, and ZymeFlow LLC ("ZymeFlow"), an innovator in chemical decontamination technologies. This PEC acquisition accelerates Liberty Energy's strategic development as a global platform with best-in-class energy services. The integration of PEC's operational capabilities with Liberty Energy's existing subsidiaries establishes the sector's preeminent provider of comprehensive energy solutions across oil & gas and petrochemical industries with major operational offices in Singapore, Houston, Abu Dhabi, and Mumbai.","length":696,"tagName":"p"},{"type":"text","content":"Kyle Shaw, Founder and Managing Partner of ShawKwei...