KUALA LUMPUR: Oil and gas services provider Deleum Bhd
’s 70% acquisition of PT OSA Industries Indonesia (PT OSA) for RM31.3mil is set to enhance its presence in South-East Asia, strengthen its technical expertise in valve services, and broaden its operations within Indonesia.
In a research note yesterday, MIDF Amanah Investment Bank (MIDF Research) said that the acquisition, carried out through Deleum’s wholly owned subsidiary Deleum Services Sdn Bhd, also complemented the group’s current valve business under its subsidiary Penaga Dresser Sdn Bhd.
“Going forward, Deleum will likely focus on integrating PT OSA’s operations and aligning business processes,” it said.
MIDF Research said the integration with PT OSA is expected to unlock synergies such as improving valve lifecycle management services, streamlining delivery mechanisms, and fostering knowledge sharing with the Indonesian team. — Agencies
