Deleum completes 70% equity purchase of PT OSA Industries


Deleum group CEO Rao Abdullah — AZLINA ABDULLAH/The Star

KUALA LUMPUR: Following the completion of its acquisition of a 70% stake in PT OSA Industries Indonesia (PT OSA), Deleum Bhd said it will shift its focus towards integrating PT OSA’s operations and aligning business practices to unlock cross-border synergies.

The oil and gas (O&G) services provider said the US$7mil (about RM31.3mil) purchase strengthens its presence in the Southeast Asian O&G sector, boosting its technical capabilities in valve maintenance and extending its operational footprint in Indonesia. 

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Deleum , PT OSA Industries , acquisition

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