OMS Energy shares rise 12.05% premarket after announcing additive manufacturing expansion and M&A strategy for growth.

OMS Energy Technology Inc surged 12.05% in premarket trading following the announcement of strategic initiatives and business developments. The company outlined plans to enhance manufacturing efficiency through additive technology, expand its product portfolio, and pursue mergers and acquisitions to accelerate growth. A key driver was a 10-year, $200 million annual revenue contract with Saudi Aramco, which accounts for 71% of its turnover, alongside efforts to diversify into Southeast Asian markets like Indonesia and Thailand. The CEO highlighted strong cash reserves ($128.7 million) and a debt-free balance sheet, enabling M&A opportunities aligned with the firm’s long-term strategy. These developments, coupled with optimism around supply chain optimization and regional expansion, fueled investor enthusiasm ahead of the market open.