PETALING JAYA: NexG Bhd is acquiring a two-storey factory, a three-storey office block, a two-storey warehouse and a guardhouse in Petaling Jaya, Selangor from Pixio Sdn Bhd for RM28.5mil.
In a filing with Bursa Malaysia, the security-based information and communications technology solutions provider said the acquisition is part of a strategic initiative aimed at enhancing production capacity and efficiency.
NexG also said the acquisition of the properties will ensure the group is able to maintain its competitive edge and scalability as well as enable the company to support its existing and future projects.
“Additionally, by consolidating research, design, and production in the same area, NexG group is able to achieve greater operational efficiency, cost savings, improved quality control, and increased production capacity.
“This integration would also foster innovation and flexibility in product development and strengthen NexG group’s market competitiveness.”
Barring any unforeseen circumstances, the company expects to complete the acquisition by the fourth quarter of 2025.
In a statement, NexG executive chairman and CEO Datuk Hanifah Noordin said the company is achieving further expansion momentum with the acquisition of a factory, office, and warehouse asset strategically located near its PJ 223 Manufacturing Centre.
“This acquisition forms a critical part of our planned RM250mil investment into Industry 4.0 secure ID documents production, to significantly boost our capacity and meet growing international demand for secure identity infrastructure.
“Furthermore, by consolidating our R&D and production activities in the same area, we can achieve greater operational efficiency, cost savings, improved quality control, and increased production capacity.
“Through the strengthening of our production capabilities, along with our substantial investments in AI and other next-generation technologies, we are accelerating NexG's transformation into a regional leader in physical and digital identity markets,” he said.
