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Grand Venture Technology embarks on the next chapter of global growth as Aalberts completes the privatisation of the company
SINGAPORE, Oct. 31, 2025 /PRNewswire/ -- Novo Tellus, a leading private equity fund focused on building industrial and technology companies, is pleased to announce the successful completion of its investment in Grand Venture Technology ("GVT" or the "Company").
Novo Tellus inaugurated its partnership with GVT in March 2021, when it invested in S$ 30 million at S$ 0.33/share to help fund a significant build-out of GVT's manufacturing capacity and capabilities.
Over the last 4 years, Novo Tellus has worked closely with GVT to help grow the company's capabilities, customers, vertical industries, capacity and productivity resulting in significant earnings and equity growth.
In July 2025, GVT announced an offer by global manufacturing leader Aalberts Advanced Mechatronics to acquire the company at a S$ 0.94/share. The transaction was closed on 27 October 2025, marking the conclusion of a successful partnership between Novo Tellus and Grand Venture Technology.
Reflecting on the transformative growth at GVT over the last 4 years, CEO Julian Ng said, "we're proud of what our management team accomplished in partnership with Novo Tellus, and with the support of our strategic customers and dedicated employees.
In the last 4 years, GVT has:
- Grown into a leading manufacturing supplier for top global semiconductor equipment companies. We built a new factory in Penang, grew specialised manufacturing capabilities, and worked tirelessly with our customers to help them push the leading edge of semiconductor manufacturing today. One highlight of this effort was winning the "Best Supplier Award Recognition" from one of our strategic customers, LAM Research.
- Completed 3 successful M&A acquisitions in Singapore, Malaysia and China to accelerate the buildout of our talent, capabilities and scale for our customers.
- Grown our investor relations program and attracted new capital and support from global blue-chip asset managers.
We will miss working with our trusted partners at Novo Tellus, but look forward to being a meaningful part of Aalberts to advance their global manufacturing business successfully in Asia".
"We've been privileged to have worked with the talented leadership at Grand Venture Technology", said Loke Wai San, Managing Partner of Novo Tellus, adding that "although we are proud to have been partners in such transformative growth, we are grateful to Executive Deputy Chairman Ricky Lee, CEO Julian Ng, and all the leaders and employees of GVT for their relentless efforts to realise an ambitious vision of GVT's future in the last few years.
We thought it appropriate this year that Julian Ng and Robby Sucipto won the 'CEO of the Year' and 'CFO of the Year' awards respectively at the Singapore Corporate Awards 2025, a worthy recognition of their enormous accomplishments in the last few years.
Grand Venture Technology embodies the Novo Tellus aspiration to build lasting businesses, and we hope our stewardship has created the foundations and momentum for lasting growth as GVT flourishes under the ownership of Aalberts NV going forward".
About Grand Venture Technology
Founded in 2012, GVT is a fast-growing and trusted solutions and services provider for the manufacture of complex precision machining, sheet metal components and mechatronics modules. Its manufacturing plants in Singapore, Penang and Johor (Malaysia), and Suzhou (China) are backed by the latest automated manufacturing technologies, Class 10,000 cleanroom facilities and a certified quality management system. The Group's highly experienced and dedicated team of engineering talent serves a strong global network of established partners and suppliers with a wide range of engineering, assembly, testing and product life cycle management solutions. GVT's portfolio of customers hail from the semiconductor, electronics, analytical life sciences, aerospace, medical and industrial automation industries, and represent some of the largest OEMs in their respective markets. To learn more about Grand Venture Technology, visit gvt.com.sg
About Novo Tellus
Novo Tellus is a private equity firm focused on building lasting technology and industrial companies in Southeast Asia. The firm is distinguished by its deep insight into shifts in the global technology ecosystem, and by its active and empathic partnerships with management teams to build lasting businesses and superior investment returns.
To learn more about partnering with Novo Tellus, visit novotellus.com
Grand Venture Technology embarks on the next chapter of global growth as Aalberts completes the privatisation of the company
SINGAPORE, Oct. 31, 2025 /PRNewswire/ -- Novo Tellus, a leading private equity fund focused on building industrial and technology companies, is pleased to announce the successful completion of its investment in Grand Venture Technology ("GVT" or the "Company").
Novo Tellus inaugurated its partnership with GVT in March 2021, when it invested in S$ 30 million at S$ 0.33/share to help fund a significant build-out of GVT's manufacturing capacity and capabilities.
Over the last 4 years, Novo Tellus has worked closely with GVT to help grow the company's capabilities, customers, vertical industries, capacity and productivity resulting in significant earnings and equity growth.
In July 2025, GVT announced an offer by global manufacturing leader Aalberts Advanced Mechatronics to acquire the company at a S$ 0.94/share. The transaction was closed on 27 October 2025, marking the conclusion of a successful partnership between Novo Tellus and Grand Venture Technology.
Reflecting on the transformative growth at GVT over the last 4 years, CEO Julian Ng said, "we're proud of what our management team accomplished in partnership with Novo Tellus, and with the support of our strategic customers and dedicated employees.
In the last 4 years, GVT has:
- Grown into a leading manufacturing supplier for top global semiconductor equipment companies. We built a new factory in Penang, grew specialised manufacturing capabilities, and worked tirelessly with our customers to help them push the leading edge of semiconductor manufacturing today. One highlight of this effort was winning the "Best Supplier Award Recognition" from one of our strategic customers, LAM Research.
- Completed 3 successful M&A acquisitions in Singapore, Malaysia and China to accelerate the buildout of our talent, capabilities and scale for our customers.
- Grown our investor relations program and attracted new capital and support from global blue-chip asset managers.
We will miss working with our trusted partners at Novo Tellus, but look forward to being a meaningful part of Aalberts to advance their global manufacturing business successfully in Asia".
"We've been privileged to have worked with the talented leadership at Grand Venture Technology", said Loke Wai San, Managing Partner of Novo Tellus, adding that "although we are proud to have been partners in such transformative growth, we are grateful to Executive Deputy Chairman Ricky Lee, CEO Julian Ng, and all the leaders and employees of GVT for their relentless efforts to realise an ambitious vision of GVT's future in the last few years.
We thought it appropriate this year that Julian Ng and Robby Sucipto won the 'CEO of the Year' and 'CFO of the Year' awards respectively at the Singapore Corporate Awards 2025, a worthy recognition of their enormous accomplishments in the last few years.
Grand Venture Technology embodies the Novo Tellus aspiration to build lasting businesses, and we hope our stewardship has created the foundations and momentum for lasting growth as GVT flourishes under the ownership of Aalberts NV going forward".
About Grand Venture Technology
Founded in 2012, GVT is a fast-growing and trusted solutions and services provider for the manufacture of complex precision machining, sheet metal components and mechatronics modules. Its manufacturing plants in Singapore, Penang and Johor (Malaysia), and Suzhou (China) are backed by the latest automated manufacturing technologies, Class 10,000 cleanroom facilities and a certified quality management system. The Group's highly experienced and dedicated team of engineering talent serves a strong global network of established partners and suppliers with a wide range of engineering, assembly, testing and product life cycle management solutions. GVT's portfolio of customers hail from the semiconductor, electronics, analytical life sciences, aerospace, medical and industrial automation industries, and represent some of the largest OEMs in their respective markets. To learn more about Grand Venture Technology, visit gvt.com.sg
About Novo Tellus
Novo Tellus is a private equity firm focused on building lasting technology and industrial companies in Southeast Asia. The firm is distinguished by its deep insight into shifts in the global technology ecosystem, and by its active and empathic partnerships with management teams to build lasting businesses and superior investment returns.
To learn more about partnering with Novo Tellus, visit novotellus.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Novo Tellus completes its transformative growth partnership with Grand Venture Technology
Novo Tellus completes its transformative growth partnership with Grand Venture Technology
Bringing exclusive sports and lifestyle travel to a new level of convenience and exclusivity
HONG KONG, April 1, 2026 /PRNewswire/ -- CSTS Enterprises, together with its subsidiary Connexus Travel, announced a strategic partnership with JETBAY, Asia's largest private jet charter platform, to deliver premium, bespoke travel and hospitality experiences to clients across Asia.
The collaboration brings together CSTS' worldclass sports and leisure hospitality expertise, Connexus Travel's 78 years of trusted corporate travel management, and JETBAY's award- winning door-to-door private aviation experience. Together, the companies will design seamless, high-end itineraries that connect sports fans, corporate clients, and luxury travellers to major global events — including the World Cup 2026, international sporting tournaments, and premium lifestyle destinations.
Under the partnership, CSTS will leverage JETBAY's extensive global aircraft network and on-demand charter services to enhance its end-to-end solutions for global clients.
From tailored matchday journeys and corporate travel programmes to bespoke leisure itineraries, our clients will enjoy fully integrated experiences combining stadium hospitality, premium ground services, and curated cultural activities — all backed by real-time support and dedicated relationship management.
"Travel is no longer about simply getting from A to B — it's about creating meaningful, shareable moments before, during, and after the event," said Abel Zhao, Chief Executive Officer and Executive Director of CSTS. "By partnering with JETBAY, we aim to elevate our clients' journeys beyond the ticket, delivering a truly integrated 'experience economy' where convenience, comfort, and exclusivity come together."
"Our goal is to make worldclass events more accessible to time sensitive business and leisure travellers, and this collaboration is a big step forward," said Vivian Zhang, Co- founder of JETBAY. "By partnering with CSTS, JETBAY can bring a new level of comfort and convenience to fans travelling for major global events."
The partnership reflects growing demand in the Asia market for premium, experience- driven travel products. As global sports and entertainment continue to drive audience engagement and travel demand, CSTS and JETBAY aim to become the go-to providers for clients seeking sophisticated, end-to-end solutions that marry worldclass travel technology with hands-on human service.
About CSTS Enterprises Inc.
Headquartered in Hong Kong, CSTS Enterprises is an innovative media, entertainment, sports, and travel-technology group. CSTS is dedicated to becoming a global expert in developing and managing innovative, end-to-end integrated marketing solutions and services that connect international intellectual properties – such as major sports and entertainment events – with regional and local brands.
At its core, CSTS is a provider of innovative solutions across corporate travel, integrated marketing, and advanced technology services. Through deep knowledge of the industry and advanced technologies, CSTS delivers tech-enabled efficiency and cost-effective travel programs, transforming corporate travel into a seamless, value-driven experience.
For more information, please visit https://csts-enterprises.com/ or follow our Linkedin for latest updates.
About Connexus Travel Limited
Connexus Travel (formerly known as Swire Travel) 全旅達國際旅遊有限公司, License No: (350001), one of the earliest Hong Kong-registered and award-winning travel agencies, has been a trusted household name for over 78 years. As an innovative travel management company in the region, it delivers seamless, tech-enabled experiences, combining personalized 24/7 support with innovative digital platforms. Connexus Travel offers a full spectrum of travel services—including corporate, leisure, MICE, and sports/lifestyle travel—and plays a key role in promoting global events like the FIFA World Cup and Formula 1.
Connexus Travel is a subsidiary of CSTS Enterprises.
About JETBAY
JETBAY is Asia's largest private jet charter platform, leveraging proprietary AI technology to provide clients with the most efficient and cost-effective private aviation solutions globally. Headquartered in Singapore and backed by over 20 years of industry expertise, JETBAY offers a seamless booking experience and unparalleled service through its international offices in New York, London, Dubai, Hong Kong, Jakarta, and Shanghai. The company is dedicated to upholding the highest standards of safety, privacy, and luxury for its discerning clientele.
Forward-Looking Statements
This press release contains statements that are forward-looking statements. These forward-looking statements can be identified by terminology such as "anticipate," "estimate," "forecast," "plan," "project," "potential," "continue," "ongoing," "expect," "aim," "believe," "intend," "may," "should," "will," "is/are likely to," "could" and similar statements. Statements that are not historical facts, including statements about CSTS's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release is as of the date of this press release, and CSTS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Media Contacts
Wicky Yu
Corporate Communications, CSTS Enterprises Inc.
Phone: +852 2122 8545
Email: communications@csts-enterprises.com
Website: https://csts-enterprises.com/
Cody Lee Kar Hao
Branding and Marketing Manager, JETBAY
Phone: +65 6562 2988
Email: karhaolee@jet-bay.com
Website: https://www.jet-bay.com/
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CSTS Enterprises and JETBAY Announce Strategic Partnership to Elevate Sports and Leisure Travel Experiences
