October 28 2025 | Deals | Energy & Industrials | Technology | Mergers and acquisitions
Transaction activity has exploded in the Singapore market in 2025 thanks to technology and energy deals, with 196 deals valued at $12.4 billion in the 2025 calendar year to date. It’s an extraordinary contrast to the same period in 2024, which saw just five deals valued at $2.9 billion come to fruition, according to Mergermarket.
This year, activity has been strongest in the technology space, as it was in 2024. A cornerstone of Singapore’s twenty-first century prosperity and growth, the country’s digital economy is worth $US84.5 billion , or 17.7 per cent of GDP. The tech sector accounts for 76 deals in 2025, with a total value of $3.7 billion.
International investment in A grade digital infrastructure
Stonepeak’s $US1.3 billion preferred equity investment in Princeton Digital Group , a Singapore data centre operator with a presence in Japan, India, Indonesia, China and Malaysia, has been the year’s largest deal, thus far. Finalised in early August, the investment is the New York fund’s third in the Asia Pacific region and comes off the back of growing demand for hyperscale infrastructure to support the growth of cloud computing and AI uptake.
The funding injection is expected to fuel a wave of growth for Princeton as it expands its footprint in existing markets and pursues opportunities in new territories, such as Australia and South Korea.
Offshore funding fuelling energy activity
Singapore has long been an oil and gas hub, courtesy of its strong trading and refining capabilities and strategic location in region. Local enterprises have deep expertise in the energy infrastructure sector and, given Singapore’s status as a secure destination for capital, they’ve become an attractive target for international players.
June saw Yinson Production secure a $US1 billion investment from a consortium of investors including a subsidiary of the Abu Dhabi Investment Authority, the British Columbia Investment Management Corporation and RRJ Group. Yinson designs, constructs and operates assets for the offshore oil and gas industry and has a $US19 billion contract backlog through 2048.
Industrial action
Singapore’s well established industrial base, another pillar of its economy, has also experienced top-end activity.
Notable transactions this year include the $1billion acquisition of Shell’s interest in the Singapore Energy and Chemicals Park (now Aster Energy and Chemicals Park), by Indonesia’s Chandra Asri Group and Glencore. Completed in April, the move is expected to boost Chandra Asri’s presence in the regional chemical, energy and infrastructure spheres.
Also making headlines: Energy maritime specialist ADNOC Logistics and Services’ acquisition of Navig8 Group , the Singaporean shipping pool operator servicing oil companies, commodities traders and shop owners. The Middle Eastern energy logistics powerhouse took an 80 % stake in the business for $US1.04 billion in January, with full ownership planned for 2027.
Further technology, infrastructure and industrials transactions are likely to emerge in the upcoming months as international investors home in on one of the Asia Pacific’s most dynamic markets.
