Deleum expands Thai footprint with RM60mil oilfield acquisition
KUALA LUMPUR: Deleum Bhd, via its indirect subsidiary Deleum Oilfield Solutions (Thailand) Co Ltd (DOST), is acquiring the oilfield services assets and businesses of Thailand's MPC Future Co Ltd for RM60 million.
The deal will be settled through a mix of cash and new DOST shares. Post-acquisition, Deleum will hold a 49.93 per cent stake in DOST, while MPC Future will own 48.34 per cent.
"This acquisition represents a strategic opportunity for Deleum to expand its portfolio and service offerings in Thailand," the company said.
Deleum said the move aligns with its strategy to strengthen regional presence and grow beyond Malaysia.
DOST will remain an indirect subsidiary of Deleum despite the revised shareholding structure.
The acquisition is expected to be completed in the second half of 2025, subject to conditions precedent.
Deleum provides products and services to the oil and gas sector, focusing on power and machinery, and oilfield integrated services.
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