ISDN's (SGX:I07, HKG:1656) strategic partner Maxon Motor has renewed agreements with four 50%-owned units of the company, a Dec. 27 bourse filing said.
The contracts have been renewed for three years starting Jan. 1, 2025, and ending Dec. 31, 2027.
The four units were formed under the strategic partnership between ISDN and Maxon Motor for the manufacture and sale of advanced drivers and motors to the Chinese market.
Interelectric, an affiliate of Maxon Motor, owns the remaining 50% stake in the four companies named maxon motor (Suzhou), Maxon Electronic Machine International Trade (Shanghai), maxon motor SEA, and maxon motor Taiwan.
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