-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueWhat's Your Sweet Spot?
Are you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche. What are their insights?
Moving Forward With Confidence
In this issue, we focus on sales and quoting, workforce training, new IPC leadership in the U.S. and Canada, the effects of tariffs, CFX standards, and much more—all designed to provide perspective as you move through the cloud bank of today's shifting economic market.
Intelligent Test and Inspection
Are you ready to explore the cutting-edge advancements shaping the electronics manufacturing industry? The May 2025 issue of SMT007 Magazine is packed with insights, innovations, and expert perspectives that you won’t want to miss.
- Articles
- Columns
- Links
- Media kit
||| 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
Compal Announces Completion of New Automotive Electronics Facility in Poland, Signaling Strategic Growth in Europe
06/30/2025 | Compal Electronics Inc.Compal Electronics is proud to announce the completion of Phase One of its new manufacturing facility in Czeladź, Silesian Voivodeship, Poland, marking a major milestone in its strategic expansion into the European automotive electronics market.
Leadership Development Continues at Incap Slovakia
06/30/2025 | IncapIncap Slovakia has launched the first leadership development training of 2025 as part of its ongoing Team Leaders Academy programme.
Flexible Electronics Market to Reach $66.9 Billion by 2032, Growing at a CAGR of 9.2% from 2025
06/30/2025 | PRNewswireThe flexible electronics market is projected to reach $66.9 billion by 2032, up from an estimated $38.4 billion in 2025, growing at a robust CAGR of 9.2% during the forecast period.
Incap Estonia Recognized with Second Golden Label for Responsible Business
06/27/2025 | IncapIncap Electronics Estonia has been awarded a golden label by the Responsible Business Forum in Estonia for the second time. The responsible business label is a prestigious symbol in Estonia that identifies entrepreneurs and organisations that demonstrate excellence in environmental, social, and economic responsibility.
TRI Unveils New Multi-Camera AOI, TR7500 SIII Ultra
06/27/2025 | TRITest Research, Inc. (TRI), the leading test and inspection systems provider for the electronics manufacturing industry, proudly introduces the new TR7500 SIII Ultra.