Aalberts N.V.: Aalberts intends to acquire GVT in Southeast Asian semicon market

Core Viewpoint - Aalberts N.V. has proposed to acquire 100% of Grand Venture Technology Limited (GVT), enhancing its position in the Southeast Asian semiconductor market and expanding its customer base [1][3]. Group 1: Acquisition Details - GVT operates 6 facilities in Singapore, Malaysia, and China, generating an annual revenue of SGD 160 million in 2024 with an EBITDA margin of 19% [1][2]. - The acquisition consideration is SGD 0.94 per share, totaling approximately SGD 319 million for all outstanding shares, with major shareholders holding 64% of GVT shares agreeing to support the transaction [4]. - The transaction is expected to be finalized by the end of 2025, with results consolidated immediately thereafter [5]. Group 2: Strategic Importance - The acquisition aligns with Aalberts' 'thrive 2030' strategy, aiming to strengthen its semiconductor engineering capabilities and enhance productivity for customers in the region [3][6]. - The combined activities will allow Aalberts to offer improved services to existing customers and attract new ones, positioning the company for multi-year growth [3][6]. Group 3: Financial Impact - The acquisition will directly contribute to Aalberts' earnings per share and will be financed through existing credit facilities [5].