Sankyu and Itochu Corporation announced on April 9th that they have reached an agreement to acquire all shares of SWTS Asia, a company that operates a plant equipment maintenance business in Southeast Asia.
<Sankyu and Itochu to acquire all shares of SWTS Asia>
SWTS Asia is Southeast Asia's largest company, specializing in the maintenance of key components in refineries, petrochemical plants, power plants, and ships.
Based in Singapore, the company has expanded its operations to Thailand, Vietnam, Indonesia, Malaysia, and other countries. Leveraging its advanced technical capabilities, ability to handle a wide range of equipment, over 50 years of experience, and strong customer trust, it has steadily grown its business in Southeast Asia.
In recent years, the company has expanded its business domain beyond its traditional heavy industry plant sector to include maintenance services for data centers and semiconductor-related equipment, and further growth is expected in the future.
Based on its fundamental principle of "valuing people," Sankyu has been developing its business both domestically and internationally, utilizing the technology, skills, and know-how it has cultivated over the years. However, it is facing challenges such as a shortage of on-site managers, supervisors, and skilled workers.
Going forward, by combining Sankyu's strengths in on-site capabilities such as skills and mobilization capabilities, and its long-cultivated maintenance expertise, with Itochu Corporation's management know-how and broad domestic and international network, SWTS will further strengthen its management foundation and competitiveness, and enhance the value it provides to its customers.
■ Overview of SWTS
Company name: SWTS Asia
Head office address: 10 Gul Avenue, Singapore 629654
Founded: 1973
Business activities: Maintenance, repair, and supply of plant-related equipment.
Itochu Corporation collaborates with AnyCarry to provide integrated last-mile delivery services.
