Leadership recognition followed with Julian Ng (CEO) and Robby Sucipto (CFO) receiving Singapore Corporate Awards 2025 for CEO of the Year and CFO of the Year, reflecting gratitude and ambition for the future under the Aalberts ownership.

Novo Tellus announces the completion of its transformative growth partnership with Grand Venture Technology (GVT) after four years of collaboration, marking a significant milestone in the collaboration.

GVT hit notable milestones during the partnership, including a new factory in Penang, expanded specialized manufacturing capabilities, and three acquisitions across Singapore, Malaysia, and China to accelerate talent, capabilities, and scale, while strengthening relations with blue‑chip asset managers.

The acquisitions in Singapore, Malaysia, and China were aimed at accelerating talent, capabilities, and scale, and GVT also enhanced its investor relations with blue‑chip asset managers.

Ng highlighted the partnership’s growth and contributions, including the shared CEO of the Year award at the Singapore Corporate Awards 2025.

The release emphasizes a successful partnership, growth achievements, and a transition of ownership to a global manufacturing leader, with a focus on long‑term value creation and regional impact.

Loke Wai San, Managing Partner of Novo Tellus, expressed best wishes for GVT as it transitions to ownership under Aalberts NV.

GVT, founded in 2012, specializes in complex precision machining, sheet metal, and mechatronics with facilities in Singapore, Penang, Johor, and Suzhou, serving multiple high‑tech sectors.

Novo Tellus positions itself as a Southeast Asia‑focused private equity firm building lasting technology and industrial companies, emphasizing an active, cooperative partnership approach.

GVT’s ecosystem spans semiconductor, electronics, analytical life sciences, aerospace, medical, and industrial automation customers, supported by facilities across Asia.

In July 2025, Aalberts Advanced Mechatronics announced an offer to acquire GVT at S$0.94 per share, with the transaction closing on October 27, 2025, marking the end of Novo Tellus’s involvement.

Novo Tellus invested S$30 million at S$0.33 per share in March 2021 to fund GVT’s capacity and capability build-out, culminating in the partnership’s completion.