New partnership accelerates SP Manufacturing’s momentum as a growing star in Southeast Asia’s producing financial system
SINGAPORE, Jan. 19, 2023 /PRNewswire/ — Novo Tellus, a top non-public fairness fund targeted on developing industrial and know-how providers, has completed an investment decision in SP Production (“SP” or the “Corporation”).
Founded in 2012 and headquartered in Singapore with world-wide functions, SP is a growing chief in developing mission-crucial electronics for industrial and clinical shoppers. The Enterprise prides alone on making close, strategic partnerships with foremost world wide OEMs, and delivers an integrated set of producing, engineering and style and design products and services targeted on significant-combine, substantial-overall performance industrial products and solutions.
In relationship with the investment, Novo Tellus has acquired a managing stake in SP, with the Company’s spouse and children proprietors retaining a meaningful and active stake in the organization.
“We have been impressed with SP’s specialised solution to developing extended-lived partnerships with world wide customers,” reported Keith Toh and Peishan Wong at Novo Tellus. “As a final result, SP has grown 2 to 3 instances faster than the world wide electronics production products and services for more than a decade now. We feel SP’s means to serve customers intently onshore in Europe and the United States, but also give engineering and production products and services offshore in Southeast Asia and China, reflect the finest strengths of where by the modern day global creation community is evolving in the coming 10 years.”
“We’re delighted to spouse with Novo Tellus to build the future of SP”, observed Philip Ong, CEO of SP. “We identified in Novo Tellus a kindred appreciation of our solid buyer orientation, and also a deeply knowledgeable mindset all over how SP is positioned to gain from prolonged-expression tailwinds of digitalisation and automation in our crucial industries. We’ve been impressed with Novo Tellus’ track history of developing industrial companies globally, and appear forward to accelerating growth in our prospects and capabilities jointly in the coming decades.”
To explore how SP Manufacturing can progress your mission crucial electronics output and engineering, go to sp-production.com or make contact with SP right below.
About SP Producing
SP Producing provides electronics producing, engineering and layout services for mission-significant industries. With about 20 years of experience and a world-wide presence in Southeast Asia, Europe, and China, SP has developed its organization by way of shut and strategic partnerships with shoppers to manufacture and engineer products in which high-quality and performance need to not are unsuccessful. To find out additional about SP Producing, make contact with us at: [email protected]
About Novo Tellus
Novo Tellus is a non-public equity organization centered on creating lasting technological innovation and industrial corporations in Southeast Asia. The agency is distinguished by its deep insight into shifts in the worldwide technologies ecosystem, and by its active and empathic partnerships with management groups to make long lasting enterprises and excellent expenditure returns.
To master additional about partnering with Novo Tellus, take a look at novotellus.com
Supply Novo Tellus Cash Partners Pte. Ltd