Aalberts Expands into Southeast Asian Semiconductor Market
Aalberts N.V. Announces Acquisition of GVT
Aalberts N.V. has made significant strides in its growth strategy by entering into an agreement to acquire Grand Venture Technology Limited (GVT). This move is poised to reshape Aalberts' influence in the Southeast Asian semiconductor market.
About Grand Venture Technology Limited
GVT, headquartered in Singapore, has firmly established itself as a key player in the precision engineering sector. It operates six facilities across Singapore, Malaysia, and China, generating impressive annual revenues of approximately SGD 160 million for 2024. The company boasts an EBITDA margin of 19% with a workforce of around 1,800 dedicated employees.
Strategic Importance of the Acquisition
This acquisition aligns seamlessly with Aalberts' ‘thrive 2030’ strategy, signaling an ambitious expansion into a crucial segment of the Southeast Asian market. By integrating GVT's capabilities, Aalberts aims to broaden its customer base and enhance the services offered to existing clients investing in the region. The synergy from this merger is expected to significantly bolster Aalberts' semiconductor engineering capabilities, leading to improved productivity for customers, especially in areas such as semiconductor back-end manufacturing.
Transaction Details and Future Outlook
Under the terms of the proposed acquisition, GVT shareholders are set to receive SGD 0.94 in cash per share, translating to a total valuation of approximately SGD 319 million for all outstanding shares. Notably, major shareholders representing around 64% of GVT shares have provided irrevocable support for the transaction, endorsing its anticipated benefits.
The completion of this transaction hinges on the fulfillment of customary closing conditions, which include necessary approvals from shareholders and regulatory bodies. If all goes as planned, the acquisition is expected to be finalized by the end of the year, immediately contributing to the earnings per share for Aalberts and being financed via its current credit facilities.
Insights from the CEO
Stéphane Simonetta, the CEO of Aalberts, expressed enthusiasm regarding this new venture: "We are excited for the prospect of joining forces with GVT and look forward to collaborating with their experienced management team. This acquisition presents an incredible opportunity for our semiconductor segment, allowing us to unlock future growth in Southeast Asia. Our combined strengths will enhance services to existing customers while capturing new clientele through superior engineering capabilities."
Contact Information
For more information about this acquisition and Aalberts' ongoing projects, please reach out to the company at:
Phone: +31 (0)30 3079 302 (available from 8:00 am CEST)
Email: investors@aalberts.com
Frequently Asked Questions
What is Aalberts N.V.?
Aalberts N.V. is a global company specializing in industrial technology and engineering services, focusing on growth through strategic acquisitions.
Who is Grand Venture Technology Limited?
GVT is a leading provider of precision engineering solutions, servicing the semiconductor and various industrial sectors with multiple facilities across Asia.
Why is this acquisition important for Aalberts?
This acquisition expands Aalberts' presence in the Southeast Asian semiconductor market, which is crucial for meeting growing customer needs in that region.
What are the expected financial impacts of the transaction?
The acquisition is expected to enhance Aalberts' earnings per share and contribute positively to its overall financial performance post-completion.
When will the acquisition be finalized?
The transaction is anticipated to conclude by the end of 2025, pending regulatory and shareholder approvals.
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