Malaysian oil and gas services provider Deleum Berhad completed its acquisition of a 70% stake in Indonesian valve service company PT OSA Industries Indonesia for USD 7 million on June 3, 2025. PT OSA is the exclusive Indonesian channel partner for Baker Hughes valves and operates from Cikarang.
Deleum Berhad's subsidiary Deleum Services signed a share purchase agreement to acquire a 70% stake in PT OSA Industries Indonesia, a valve supplier and maintenance service provider in Indonesia, for USD 7 million on 5 December 2024.
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.