TECO completes acquisition of Dynaciate; aims to double AI data center revenue by 2027

CNA reporter Chung Jung-feng, Taipei, May 25. Electrical machinery manufacturer TECO announced today that it has signed an acquisition agreement with Malaysian engineering firm Dynaciate Engineering at its Taipei headquarters. TECO stated that it expects to begin recognizing revenue in the second half of the year, with a goal of doubling AI data center (AIDC) revenue by 2027 and creating multi-fold growth on its investment by 2030. TECO expects the acquisition to change its data center revenue structure, with 65% coming from modular data centers and 35% from AIDC engineering. The revenue share of data centers within its power and energy business group is expected to jump from less than 10% to 30% this year. The investment is approximately 200 million Malaysian ringgit (about NT$1.6 billion), with completion expected in August. TECO will hold approximately 78% of Dynaciate. Chairman Li Ming-hsien emphasized that this acquisition is a core strategy to meet the needs of global cloud service providers (CSPs). By combining Dynaciate's manufacturing capabilities with TECO's electromechanical integration, the company aims to shorten data center delivery cycles to six months.