Deleum Berhad, a prominent oil and gas services provider, has announced its acquisition of a 70 per cent stake in Indonesia-based PT OSA Industries Indonesia for USD 7 million (RM31.3 million). The move aims to bolster Deleum’s presence in the valve solutions market, particularly in the thriving South East Asian region.
The acquisition, undertaken through Deleum’s wholly owned subsidiary Deleum Services Sdn Bhd (DSSB), marks a significant milestone for the company. PT OSA, founded in 1994 by Ong Siow Aik, specialises in providing valves and valve maintenance services, serving energy giants in Indonesia with a team of 72 professionals. Notably, PT OSA has been a key channel partner for Baker Hughes valves since 2017, a relationship Deleum mirrors in Malaysia through its subsidiary, Penaga Dresser Sdn Bhd.
Speaking at the signing ceremony held in Kuala Lumpur, Malaysia on 5 December, Deleum Group CEO Rao Abdullah emphasised the strategic value of this acquisition. “With an enlarged and comprehensive pool of technical expertise in total valve management solutions, I am confident our collective experience will enhance service quality for our customers,” he said.
Rao further highlighted that the collaboration between Deleum and PT OSA opens avenues for cross-border talent development and strengthens partnerships with key industry players like Baker Hughes. The acquisition aligns with Deleum’s robust inorganic growth strategy, which has been supported by its sound financial performance.
From 2020 to 2023, Deleum expanded its revenue base from RM587 million to RM792 million, while operating profits surged from RM27 million to nearly RM80 million. This financial strength has allowed the company to balance organic growth with strategic acquisitions, positioning itself as a leader in the oil and gas services sector.
The acquisition, expected to be completed in the first half of 2025, includes a profit guarantee of USD 2.7 million (RM12.1 million) for 2024 and 2025. The move also positions Deleum to capitalise on increasing energy demands and infrastructure investments in the region.
“This acquisition represents a potent combination of expertise and opportunity,” Rao concluded, thanking PT OSA’s team and stakeholders for their trust and commitment.
Deleum Berhad, listed on Bursa Malaysia’s Main Market, continues to deliver innovative solutions across its Power and Machinery and Oilfield Integrated Services segments, reinforcing its reputation as a trusted partner in the energy sector. 
