KUALA LUMPUR: UEM Edgenta Bhd's subsidiary, Opus International (M) Bhd, and HSS Engineering Sdn Bhd (HSSE) have signed a Joint Venture and Shareholders' Agreement (JVSA) to drive expansion into high-growth infrastructure markets in Southeast Asia and the Middle East.
In the joint venture (JV), Opus will hold a 60 per cent stake, while HSSE will own 40 per cent. The collaboration will focus on delivering engineering and technical services, project management, asset management consultancy, and energy efficiency solutions across various infrastructure sectors.
Opus managing director (MD) Hillary Chua called the JV a transformative step, leveraging Opus's strengths in asset management and energy efficiency alongside HSSE's extensive international market presence and network.
"With over three decades of engineering excellence from both Opus and HSSE, we are uniquely positioned to deliver innovative and sustainable infrastructure solutions not only to Malaysia but also for the high-growth markets across Southeast Asia and the Middle East.
"We share ambitious growth aspirations, aiming to enhance the delivery of world-class engineering practice and asset management services while contributing to the region's infrastructure development," said Chua in a statement.
Opus and HSSE plan to formally establish the JV this year (subject to necessary regulatory approvals), with initial operations focusing on major asset management projects and energy efficiency initiatives.
UEM Edgenta chief executive officer (CEO) and MD Syahrunizam Samsudin said the partnership will strengthen the company's ability to deliver innovative, sustainable projects.
"For UEM Edgenta, this aligns seamlessly with our Edgenta of the Future 2025 (EOTF 2025) vision, where innovation, sustainability, and impact are at the core of our strategy. This joint venture also enhances our competitiveness in the international market, positioning us as a leader in infrastructure asset management across Southeast Asia and the Middle East region," he added.
HSS Engineering CEO Sharifah Azlina Raja Kamal Pasmah said the JV allows the company to leverage the strengths of both HEB Group and Opus.
"By combining HEB Group's expertise in engineering design and project management with Opus International's innovative approaches like asset management, geotechnical, energy efficiency, and sustainability solutions.
"We are creating a formidable alliance primed for success. Our collaboration will certainly lead to synergistic benefits in our joint projects," she said.