Singapore’s state investment firm Temasek Holdings Pte is reportedly in advanced negotiations to acquire a stake in Quest Global Services Pte, an engineering services company. The deal is said to value Quest Global at approximately $4.6 billion. If finalized, the transaction would mark a significant move for Temasek into the engineering and technology services sector.
Sources familiar with the matter indicate that discussions are in the final stages, though no official announcement has been made. The potential investment underscores Temasek’s ongoing strategy to expand its portfolio into high-growth industries and innovative service providers.
Quest Global Services, headquartered in Singapore, offers engineering and product development solutions across multiple industries, including aerospace, automotive, and energy. The company’s valuation reflects its strong market position and growth prospects in the global engineering services landscape.
Neither Temasek nor Quest Global has commented publicly on the negotiations. The completion of the deal would be subject to customary approvals and due diligence processes.