-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
SP Manufacturing Receives Investment from Novo Tellus
January 20, 2023 | PRNewswireEstimated reading time: 1 minute
Novo Tellus, a leading private equity fund focused on building industrial and technology companies, has completed an investment in SP Manufacturing.
Headquartered in Singapore, SP Manufacturing is an Electronics Manufacturing Services provider for total manufacturing solutions from design concepts to full production. Focused on high-mix, high-performance mission critical electronics, SP has 6 locations strategically located across the globe in Southeast Asia, Europe, and China, with more than 60 years of manufacturing experience under its belt.
SP has grown considerably over the years due to its laser focus on customer service and innovative manufacturing techniques as a Reliable Solutions Partner. SP believes that the customer is at the heart of all that they do, and prides itself as being an extended manufacturing arm for all the key customers whom they serve.
With the investment from Novo Tellus, SP seeks to embark on the next chapter of the company's journey through active expansion, to meet the customers' needs and drive results through supply chain efficiencies. SP also intends to leverage upon NT's expert network and portfolio of companies, which would serve to open doors to new business opportunities and technological capabilities.
"We're indeed very pleased to partner with Novo Tellus to build the future of SP", noted Philip Ong, CEO of SP. "Having spent significant time with Novo Tellus, I feel that they deeply understand the many pressure points of operating a manufacturing business. Specifically, like us, they see the importance of adopting a long-term view on business relations, as well as customer centricity. Also, we've been most impressed with Novo Tellus' track record of growing industrial companies globally, and we are very excited to accelerate growth for our customers and to chart SP's future together.'
"We've been impressed with SP's specialised approach to building long-lived partnerships with global customers," said Keith Toh and Peishan Wong at Novo Tellus. "As a result, SP has grown 2 to 3 times faster than the global electronics manufacturing for over a decade now. We believe SP's ability to serve customers closely onshore in Europe and the United States, but also provide engineering and manufacturing services offshore in Southeast Asia and China, reflect the best strengths of where the modern global production network is evolving in the coming decade."
With the investment, Novo Tellus would acquire a controlling stake in SP, with the Company's family owners retaining a meaningful and active stake in the business.
Suggested Items
Boeing's Janene Stinson Earns IPC Excellence in Education Award at IPC APEX EXPO 2024
04/22/2024 | IPCThe IPC Excellence in Education award was presented to Janene Stinson, Boeing, at IPC APEX EXPO 2024 in Anaheim, California, in recognition of her significant contributions to workforce development and leadership.
Zentech’s Board of Directors Announces the Return of Matt Turpin as President and CEO
04/22/2024 | Zentech ManufacturingTurpin draws upon over 35 years of experience in the electronics industry and has an 18-year history with Zentech. He previously served as President and CEO from 2006 to 2019 after which time he has remained active in the EMS industry as an advisor to Zentech and other industry organizations.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.