(From left): Tan Sri Dato Seri Shamsul Azhar Chairman, Deleum Berhad, Ong Siow Aik Director, OSA Industries Pte Ltd and Rao Abdullah Group CEO, Deleum Berhad
Deleum Berhad has acquired a 70% stake in Indonesia-based PT OSA Industries for USD 7 million (RM31.3 million) to strengthen its presence in the valve solutions market in Southeast Asia. PT OSA, a supplier of valves and maintenance services, is the sole channel partner for Baker Hughes valves in Indonesia. The acquisition complements Deleum’s technical expertise and enhances its valve management capabilities, supported by facilities in Malaysia and Indonesia.
The deal, financed through internal funds and borrowings, includes a profit guarantee of USD 2.7 million across 2024 and 2025. Deleum CEO Rao Abdullah emphasized the strategic importance of the acquisition, citing opportunities for growth, talent development, and meeting rising energy demands in the region. Completion is expected by mid-2025. This move aligns with Deleum’s balanced growth strategy, combining organic expansion and acquisitions, as it leverages its strong financial position to pursue further growth.
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