Aalberts to acquire Grand Venture Technology for SGD319m.

Aalberts, a mission-critical technologies engineer, agreed to acquire Grand Venture Technology, a manufacturing solutions and services provider for the semiconductor, life sciences, electronics, medical, and industrial automation industries., for SGD319m. “We are excited for the prospect of joining forces with GVT and are looking forward working together with the experienced management team. The proposed acquisition will allow our semicon segment to unlock its future growth opportunities in Southeast Asia. Together, our leading capabilities will enable us to expand services to our existing customers and service new customers with leading engineering capabilities and technologies. This is an important step in delivering our ‘thrive 2030’ strategy,” Stéphane Simonetta, Aalberts CEO.