Boilermech solidifies presence in RE

The acquisition will lift Boilermech’s net profit by about 3% to 4% for financial year 2023 and FY24, says Kenanga Research.

PETALING JAYA: Boilermech Holdings Bhd’s full ownership of Tera Sdn Bhd is expected to solidify the group’s existence in the renewable energy (RE) space, says Kenanga Research.

Tera is principally involved in the installation of solar energy products and electrical machinery items.