KUALA LUMPUR: Pansar Bhd has completed its acquisition of Perbena Emas Sdn Bhd (PESB), marking its strategic entry into the construction industry.
The engineered solutions provider said following the acquisition, it would diversify its operations into construction and civil engineering, leveraging on PESB’s 43-year track record in construction and infrastructure development.
“PESB’s total orderbook to-date totalled RM2bil, comprising key notable infrastructure projects such as the recently secured design and construction of UNIMAS Teaching Hospital in Kota Samarahan, Sarawak totalling RM485.99mil, as well as the construction and completion of Batang Lupar 1 Bridge in Samarahan, Sarawak amounting to RM848.75mil, which are expected to support PESB’s earnings visibility over the next 2 to 4 years,” Pansar said in a statement.
“Combined with Pansar Group’s existing orderbook of RM223mil, comprising design, construction, supply, and engineering contracts from the group’s engineering division, the addition of PESB brings the enlarged Pansar group’s total secured orderbook value to RM2.2bil,” it added.
Going forward, Pansar anticipates that the revenue and earnings stream from PESB’s core business of construction and construction-related activities will contribute substantially to the net profits of the group.