Novo Tellus, a prominent private equity firm, has successfully concluded its transformative growth partnership with Grand Venture Technology (GVT), a leading manufacturing supplier for global semiconductor equipment companies. This partnership, initiated in March 2021 with a S$30m investment, has significantly enhanced GVT’s manufacturing capacity and capabilities over the past four years.
The collaboration culminated in July 2025 when Aalberts Advanced Mechatronics, a global manufacturing leader, announced its acquisition of GVT at S$0.94 per share. The transaction was finalised on 27 October 2025. Julian Ng, CEO of GVT, expressed pride in the achievements made during the partnership, highlighting the company’s expansion into new markets and the establishment of a new factory in Penang.
Under Novo Tellus’s guidance, GVT completed three successful mergers and acquisitions in Singapore, Malaysia, and China, bolstering its talent pool and operational scale. The company also received the Best Supplier Award from LAM Research, a strategic customer, and attracted investment from global blue-chip asset managers.
Loke Wai San, Managing Partner of Novo Tellus, praised the leadership at GVT, noting the recognition of Julian Ng and Robby Sucipto as CEO and CFO of the Year at the Singapore Corporate Awards 2025. As GVT transitions under Aalberts’ ownership, the foundation laid by Novo Tellus is expected to support continued growth and success in the global manufacturing sector.
