KUALA LUMPUR: Jasa Kita Bhd
has proposed to acquire electrical engineering firm KT System Sdn Bhd for RM10mil in a bid to diversify into the power and utilities infrastructure sector.
In a statement, the group said the acquisition forms part of Jasa Kita’s strategic diversification as the group seeks to emerge as an enabler of critical infrastructure supporting energy transition and data centre growth.
"Further initiatives are expected to be announced in due course," it said in its press announcement.
The acquisition, which entails the purchase of 100% equity interest in KT from Norza Holdings Sdn Bhd and Nazarudin Salleh, is expected to be completed in the second quarter of 2026.
The purchase will be funded through internally generated funds.
“This KT acquisition creates synergy and serves as a strategic fit by combining KT’s established technical capabilities with Jasa Kita’s longer-term ambition to build a broader engineering platform in the power infrastructure and utilities space,” said Jasa Kita group managing director Datuk Sri Iskandar Mizal Mahmood.
“Our immediate focus would be on strengthening and optimising KT’s existing capabilities by leveraging its proven track record in project delivery and deep technical expertise.
“From there, we will progressively deepen its capabilities, strengthen execution and widen the scope of work to potentially cater for more complex power infrastructure and grid-related projects in line with the Jasa Kita group’s growth plans.”
KT is a full-service electrical engineering company involved in the inspection, testing, commissioning and maintenance of electrical systems for transmission and distribution networks.
The company also undertakes both outdoor and indoor electrical works across Malaysia whilst providing consulting and management services within the power sector.
KT is licensed by the Energy Commission to carry out testing and commissioning works of up to 500 kilovolts.
According to Jasa Kita, the company has a proven track record of project delivery for clients such as Tenaga Nasional Bhd Malaysia Airports Holdings Bdm PETRONAS, ABB, Siemens, Nur Power, Sabah Electricity Sdn Bhd and Sarawak Energy Bhd.
