TECO acquires Malaysia's NCL Energy to enter Southeast Asia's data center MEP engineering market

RE Energy ｜ Service and Others ｜ ASEAN March 19, 2025

TECO Electric & Machinery Co. held an acquisition signing ceremony today (19th) in Kuala Lumpur, Malaysia, with local MEP engineering company NCL Energy Sdn Bhd. (Photo: TECO Electric & Machinery)

TECO Electric & Machinery Co. held an acquisition signing ceremony today (19th) in Kuala Lumpur, Malaysia, with local MEP engineering company NCL Energy Sdn Bhd (hereinafter referred to as NCL). TECO will acquire an 80% stake in NCL, becoming its largest shareholder and jointly expanding into Malaysia's MEP engineering market for data centers and renewable energy.

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