Profitable Precision Components Company for Sale in Singapore
|2 - 5
|Limited Liability Company (LLC)
|USD 740 thousand
|Run Rate Sales
|USD 900 thousand
|2:47 AM Asia / Singapore
|Advisor / Business Broker
Company specializes in manufacturing metal expansion joints for MNC clients.
Clients are from O&G, marine and offshore, vessels, shipyards and petrochemical industries.
Due to challenges in recruiting labor in Singapore resulting from Covid-19, the vendor has implemented a downsizing strategy. Nevertheless, the company's most valuable assets lie in its intellectual property (i. e. certificates and software) and operational expertise, both of which can be smoothly transitioned to the buyer with a bigger platform.
In 2013, the target company was bestowed with the distinction of being the first manufacturer worldwide, outside Japan, to be accredited by Nippon Kaiji Kyokai (ClassNK Japan) for the production of Cryogenic Bellows Expansion Joints.
Company is ISO certified, OHSAS certified, owns a 35 WPS list of approved welding services, and obtained a Nippon Kaiji Kyokai Certificate.
Metal expansion joints used by MNCs in O&G, marine and offshore, ship vessels and shipyards and petrochemical. Past clients include Shell, BP, Evonik, ExxonMobil, Keppel Offshore, and Schlumberger.
In-house developed software that designs and adheres to the standards set forth by the European Sealing Association and Fluid Sealing Association.
WPS List of 35 Approved Welding Services.
Company that is ISO and Oshas certified.
U, UM, U2 Stamp accredited by ASME.
The founder is committed to staying with the purchaser for up to 2 years to aid with knowledge transfer.
Various machines, tools and equipment.
Fully-paid factory leased in Singapore, with 30 years more to go.
Nil debt in the business and 1 founder with 100% stake in the business. Business has been bootstrapped since incorporation.
Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business