Novo Tellus completed the investment in SP Manufacturing.

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.