Deleum expands ops in Indonesia
PETALING JAYA: Deleum Bhd has completed its acquisition of a 70% equity interest in PT OSA Industries Indonesia (PT OSA) for US$7mil.
PT OSA is an established Indonesian company specialising in the supply, servicing, and maintenance of valves for the oil and gas (O&G) sector.
In a filing with Bursa Malaysia yesterday, Deleum said the acquisition, executed via its wholly-owned subsidiary, Deleum Services Sdn Bhd, was a strategic move aligned with the group's regional expansion plan.
'The acquisition strengthens Deleum's presence in the South-East Asian O&G sector, boosting its technical capabilities in valve maintenance and extending its operational footprint in Indonesia,' it said.
Deleum said that with the completion of the acquisition, it would focus on integrating PT OSA's operations and enhancing cooperation between its Malaysian and Indonesian teams to improve service efficiency, accelerate deliveries, and facilitate the exchange of technical expertise.
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