BAKU, Azerbaijan, April 11. ITOCHU Corporation
has agreed to jointly acquire all shares of SWTS Asia Pte. Ltd.
from its management and employees, in partnership with SANKYU INC.,
Trend reports
via ITOCHU.
Headquartered in Singapore, SWTS Asia specializes in maintenance
services for critical equipment used in oil refineries,
petrochemical facilities, power plants, and vessels. With
approximately 700 technical staff, the company operates across
Southeast Asia, including Thailand, Vietnam, Indonesia, and
Malaysia, and is regarded as one of the largest players in its
segment in the region.
Backed by more than 50 years of experience and advanced
technological expertise, SWTS has recently expanded into
high-growth sectors such as data centers and semiconductor-related
facilities, positioning itself for further business growth.
The plant and infrastructure maintenance sector is considered
essential for ensuring stable operations, with demand expected to
remain resilient despite economic fluctuations. In Southeast Asia,
ongoing construction of new facilities, coupled with the aging of
existing infrastructure, is projected to drive sustained demand for
maintenance, refurbishment, and capacity expansion services.
Against the backdrop of a global shortage of skilled
technicians, SWTS’s technical capabilities and extensive experience
are expected to play a key role in supporting the growth strategy
of the ITOCHU Group.
Through the acquisition, ITOCHU aims to leverage its global
network and management expertise, while SANKYU will contribute its
strengths in engineering, workforce mobilization, and safety and
quality control. Together, the partners plan to enhance SWTS’s
competitiveness and expand its operations across the region.
ITOCHU stated it will continue to focus on delivering high
value-added infrastructure solutions as part of its broader
commitment to sustainable industrial and societal development.
