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Grand Venture Technology: Going on an M&A spree to lay foundation for growth

Lim Hui Jie
Lim Hui Jie1/28/2022 09:57 AM GMT+08  • 3 min read
Grand Venture Technology: Going on an M&A spree to lay foundation for growth
With an M&A spree, GVT seems poised for more growth. Find out how it plans to do it.
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From a quiet IPO in January 2019, pre­cision manufacturing firm Grand Ven­ture Technology (GVT) has gone from an IPO price of 27.5 cents to a closing price of 99 cents on Jan 24, marking an over three-fold increase in capital gains for investors who bought its IPO shares at the time of its listing.

The company had a quiet 2019 and 2020, with the share price not going far from its IPO price. However, things changed after an investment of almost $30 million by private equity fund Novo Tellus in January 2021.

With its war chest further beefed up with a $28.5 million share placement in September 2021, GVT has gone on an acquisition spree, spending some $24.4 million to acquire two other companies with complementary capa­bilities as well as additional land adjacent to its existing facilities so that it can build up its capacity to take on more work for new customers.

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