# Eaton and SIA Engineering incorporate joint venture in Malaysia

Eaton and SIA Engineering Company incorporated a joint venture, Eaton Aerospace Component Services Asia Sdn Bhd, in Malaysia. SIAEC holds 49% and Eaton 51%. Initial capital will be increased to approximately RM75 million.

- Type: Acquisition
- Announced: 2024-06-07
- Where: Malaysia, Malaysia
- Value: $16.0M
- Status: completed
- Products: aircraft component MRO services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [SIA Engineering Company](https://endata.com/companies/1648.md) (partner)
- [Eaton](https://endata.com/companies/2829.md) (partner)

## Sources

- [eaton.com](https://www.eaton.com/us/en-us/company/news-insights/news-releases/2024/eaton-and-sia-engineering-company-incorporate-joint-venture--eat.html), 2024-06-07: "SIAEC holds a 49% equity stake in the company and Eaton holds the remaining 51%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.