KUALA LUMPUR: Gamuda Bhd
has proposed to acquire a 20% equity interest in Cloud Space Sdn Bhd for RM18mil to accelerate its digital ambitions in Cloud and AI technologies.
Cloud Space specialises in cloud computing, AI and data automation, and cybersecurity solutions, It is a Google Cloud Premier Partner, which provides solutions and services for Google Cloud, Google Workspace, Chrome Enterprise, and Google for Education, to government and private sectors in Malaysia.
In a statement, Gamuda said Cloud Space’s deep expertise in cloud engineering, augments Gamuda’s in-house technology and digital capabilities in delivering large-scale complex engineering and construction projects.
"In combination, Gamuda and Cloud Space will have strong technical and financial resource to jointly access the emerging and fast-growing cloud adoption opportunities in Malaysia," it said.
The group added that the proposed investment is in line with its overall ambition to support and nurture home-grown talents in the Cloud and AI space, continuing the momentum from the launch of Gamuda AI Academy in partnership with Google in October 2024.
