De Brauw assisted Aalberts N.V. (Aalberts) with reaching an agreement with Grand Venture Technology Limited (GVT) on the proposed 100% acquisition and delisting of GVT from the Singaporean stock exchange. GVT is a leading precision engineering solutions and service provider of components, mechatronics, assembly and testing mainly for semiconductor, analytical life sciences, medical, aerospace and industrial automation industries, which, with its head office in Singapore, operates 6 facilities across Singapore, Malaysia and China.

As part of a scheme of arrangement, shareholders of GVT are offered a consideration of SGD 0.94 in cash per share implying a total consideration of approximately SGD 319 million for all outstanding shares. Major shareholders, holding approximately 64% of GVT shares, have granted irrevocable undertakings to Aalberts to vote in favour of the transaction. The transaction is conditional on customary closing conditions, including shareholder approval and regulatory approvals, and is expected to be finalised by the end of 2025.