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Singapore, 15 March 2022 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that the Committee on Foreign Investment in the United States (CFIUS) has approved the proposed acquisition by ST Engineering of all of the issued and outstanding interests of TransCore Partners, LLC and TLP Holdings, LLC (the Proposed Acquisition).

With this clearance from CFIUS, ST Engineering has obtained all applicable regulatory approvals to consummate the Proposed Acquisition pursuant to the terms of the Membership Interests Purchase Agreement dated 1 October 2021 (Purchase Agreement). Subject to the remaining conditions precedent under the Purchase Agreement being satisfied or waived at closing, the Proposed Acquisition is expected to close in March 2022.

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