Grand Venture Technology embarks on the next chapter of global growth as Aalberts completes the privatisation of the company
SINGAPORE, Oct. 31, 2025 -- Novo Tellus, a leading private equity fund focused on building industrial and technology companies, is pleased to announce the successful completion of its investment in Grand Venture Technology ("GVT" or the "Company").
Novo Tellus inaugurated its partnership with GVT in March 2021, when it invested in S$ 30 million at S$ 0.33/share to help fund a significant build-out of GVT's manufacturing capacity and capabilities.
Over the last 4 years, Novo Tellus has worked closely with GVT to help grow the company's capabilities, customers, vertical industries, capacity and productivity resulting in significant earnings and equity growth.
In July 2025, GVT announced an offer by global manufacturing leader Aalberts Advanced Mechatronics to acquire the company at a S$ 0.94/share. The transaction was closed on 27 October 2025, marking the conclusion of a successful partnership between Novo Tellus and Grand Venture Technology.
Reflecting on the transformative growth at GVT over the last 4 years, CEO Julian Ng said, "we're proud of what our management team accomplished in partnership with Novo Tellus, and with the support of our strategic customers and dedicated employees.
In the last 4 years, GVT has:
- Grown into a leading manufacturing supplier for top global semiconductor equipment companies. We built a new factory in Penang, grew specialised manufacturing capabilities, and worked tirelessly with our customers to help them push the leading edge of semiconductor manufacturing today. One highlight of this effort was winning the "Best Supplier Award Recognition" from one of our strategic customers, LAM Research.
- Completed 3 successful M&A acquisitions in Singapore, Malaysia and China to accelerate the buildout of our talent, capabilities and scale for our customers.
- Grown our investor relations program and attracted new capital and support from global blue-chip asset managers.
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