KUALA LUMPUR: Globetronics Technology Bhd, via wholly-owned Globetronics (KL) Sdn Bhd, has bought a 30.85 per cent stake in Mpire Global Bhd (Mpire) along with a sizable portion of its warrants for RM45.05 million.

Globetronics said the move positions Mpire as a strategic associate and supports the former's long-term transformation plan, aimed at driving value creation and sustainable earnings growth.

The acquisition was carried out through both off-market and open market channels, reflecting Globetronics' deliberate and proactive investment strategy.

It added that there are no contingent liabilities or guarantees tied to the deal, in line with the group's commitment to sound financial management.

Globetronics expects the investment to be earnings accretive and contribute to its financial performance over the medium to long term.

"Funded entirely from internally generated funds, the acquisition will not materially affect Globetronic's capital structure or gearing position, ensuring continued financial stability," it said.

Globetronics' management described the acquisition of Mpire as a strategic move that closely aligns with the company's focus on long-term growth and business diversification.

"By securing this substantial equity interest, we are well-positioned to participate actively in Mpire's ongoing expansion and leverage potential synergies. We anticipate this collaboration will create long-term shareholder value, reinforcing our position in the industry," it added.