Phenna Group has acquired Cutech, enhancing its presence in the APAC region and extending operations into Saudi Arabia, while consolidating its capabilities in the industrials sector.

Information on the Target

Phenna Group, headquartered in Nottingham, UK, is focused on investing in and collaborating with selected niche, independent companies operating in the Testing, Inspection, Certification, and Compliance (TICC) sectors. Their operations span various industries, providing clients with premier testing and assurance services that contribute to their peace of mind. The recent acquisition marks the fifth deal for Phenna Group this year, enhancing their presence in the Asia-Pacific (APAC) region and extending their geographic reach to new markets, including the Kingdom of Saudi Arabia. This expansion significantly strengthens their rapidly growing industrials platform.

Industry Overview in the Target’s Specific Country

Cutech, based in Singapore, offers a diverse array of services to industrial, commercial, and government clients within several critical sectors, including petrochemical, oil and gas, marine, cement, and power. The company operates as an accredited inspection body compliant with ISO/IEC 17020 standards, delivering independent inspection and expediting services globally through a team of highly qualified engineers. This extensive range of capabilities enables Cutech to effectively meet the demands of its clients while maintaining high-quality standards.

In Singapore, the TICC sector is experiencing significant growth as industries increasingly prioritize safety, efficiency, and compliance. The demand for reliable testing and inspection services has surged, driven by stringent regulatory require