Announced
Completed
Financials
Tags
electronic manufacturing
Acquisition
Completed
Private Equity
Friendly
Singapore
Electronic Components and Equipment
Private
Single Bidder
Domestic
Majority
Synopsis
Novo Tellus, a private equity fund, completed the investment in SP Manufacturing, an electrical/electronic manufacturing company. Financial terms were not disclosed. "We're pleased to partner with Novo Tellus to build the future of SP. We found in Novo Tellus a kindred appreciation of our strong customer orientation, and also a deeply informed mindset around how SP is positioned to benefit from long-term tailwinds of digitalisation and automation in our key industries. We've been impressed with Novo Tellus' track record of growing industrial companies globally, and look forward to accelerating growth in our customers and capabilities together in the coming years," Philip Ong, SP Manufacturing CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.