Novo Tellus, Grand Venture Technology end 'successful' partnership

Novo invested $30m in GVT in 2021 for semiconductor manufacturing.

Novo Tellus announced the recent conclusion of a “successful partnership” with Grand Venture Technology (GVT), following the acquisition of GVT by Aalberts Advanced Mechatronics.

Novo Tellus invested $30m in GVT in March 2021 to fund GVT's manufacturing capacity and capabilities.

Since then, GVT opened a new factory in Penang for semiconductor manufacturing, completed M&A acquisitions in Singapore, Malaysia, and China, and attracted new capital from blue-chip asset managers, the private equity firm said.

Aalberts Advanced offered to acquire GVT at $0.94/share, a transaction that closed in late October 2025.

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