Deleum Bhd. Strengthens Position in Indonesian Market through Acquisition

📆 5/12/2024 6:07 p. m.
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Deleum Bhd.,PT OSA Industries Indonesia,Oil And Gas Services

Deleum Bhd., a leading oil and gas services company, has bolstered its presence in the Indonesian market by buying a 70% stake in PT OSA Industries Indonesia for $7 million. This strategic acquisition is seen as a boost for Deleum's power and machinery business in Indonesia and an opening for international expansion.

Petalingle Jaya: Deleum Bhd., an oil and gas services company, has solidified its position in the Indonesian market by acquiring a 70% stake in PT OSA Industries Indonesia for approximately $7 million. This strategic move is expected to strengthen Deleum's power and machinery (P&M) business in Indonesia and open new opportunities for the company's international journey.

CEO of the Deleum Group, Rao Abdullah, emphasized that the acquisition of the majority stake in PT OSA will provide new opportunities for the combined entity. With a larger and more comprehensive team of technical expertise, they are well-positioned to enhance service quality to clients and offer employees career development opportunities

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Deleum Bhd Aims for Expansion in Southeast Asia Post-OSA AcquisitionDeleum Bhd, led by group CEO Rao Abdullah, has completed the acquisition of a 70% stake in PT OSA Industries Indonesia for US$7 million, aiming to expand its presence in Southeast Asia. The deal is expected to be finalized in the first half of 2025.
Fuente: theSundaily - 🏆 25. / 51 Leer más »