Pansar completes acquisition of Perbena Emas
KUALA LUMPUR: Bursa Malaysia listed engineered solutions provider, Pansar Bhd (Pansar), has announced its successful acquisition of Perbena Emas Sdn Bhd (PESB), marking the group’s strategic entry into the construction industry.
In line with the acquisition, the group’s will diversify its operations into construction and civil engineering, leveraging on PESB’s 43-year track record in construction and infrastructure development.
PESB’s total orderbook todate totalled RM2 billion, comprising key notable infrastructure projects such as the recently secured Design and Construction of Unimas Teaching Hospital in Kota Samarahan totalling RM485.99 million, as well as the Construction and Completion of Batang Lupar 1 Bridge in Samarahan, amounting to RM848.75 million, which are expected to support PESB’s earnings visibility over the next 2 to 4 years.
Combined with Pansar Group’s existing orderbook of RM223 million, 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 RM2.2 billion.