KUALA LUMPUR: Engineered solutions provider Pansar Bhd has completed the acquisition of Perbena Emas Sdn Bhd (PESB), marking the group’s diversification into the construction industry.
In a statement yesterday, Pansar said the acquisition has increased the group’s total secured orderbook value to RM2.2bil.
“To-date, PESB’s orderbook totalled to RM2bil, comprising of infrastructure projects such as the recently secured design and construction of UNIMAS Teaching Hospital in Sarawak totalling RM485.99mil, as well as the construction and completion of Batang Lupar 1 Bridge in Sarawak amounting to RM848.75mil, which are expected to support PESB’s earnings visibility over the next two to four years.
“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.
A spokesperson of Pansar said the group aims to become a leading player in East Malaysia’s civil and infrastructure development by combining the earnings potential and the benefits of vertical integration.
Moving forward, Pansar expects both the revenue and earnings from PESB’s core business of construction and construction-related activities to contribute significantly to the net profits of the group.
“The management of Pansar is of the view that the construction sector in Sarawak is expected to prosper over the next few years, driven by the RM22bil in spending for infrastructure projects by the Sarawak government, including the Second Trunk Road, coastal road upgrades, water grid programmes, rural electrification projects and telco towers, ” it said.