# Deleum seeks 70% stake in Indonesian valve firm OSA Industries Indonesia for US$7M

Deleum Berhad signed a heads of agreement to acquire a 70% stake in OSA Industries Indonesia, a West Java valve repair and supply company, for US$7 million, valuing the target at US$10 million. Due diligence and definitive agreements are still pending.

- Type: Acquisition
- Announced: 2024-03-04
- Where: West Java, Indonesia
- Value: $7.00M
- Status: announced
- Products: valve repair and reconditioning, valves and valve supplies
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Deleum Berhad](https://endata.com/companies/11590.md) (acquirer)
- [OSA Industries Indonesia](https://endata.com/companies/11591.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/node/703285), 2024-03-04: "Deleum is seeking to acquire a 70% stake in valves company OSA Industries Indonesia (OSAII) for US$7 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.