SUBANG JAYA: UEM Edgenta Bhd will see its revenue from the healthcare segment rise to RM660 million starting January 2017 with the acquisition of the entire issued and paid-up capital of Asia Integrated Facility Solutions Pte Ltd.
At present the company's healthcare segment brings in RM350 million to the UEM Group.
This is following UEM Edgenta obtaining its shareholders' approval at the company's EGM here today for the acquisition of the Singapore-based Asia Integrated Facility Solutions.
The SPA deal is valued at RM563.2 million and puts Asia Integrated's wholly-owned subsidiary UEMS Pte Ltd under UEM Edgenta's control.
UEMS, an integrated facilities management services provider, operates in Malaysia, Singapore and Taiwan and it is servicing major public and private healthcare entities in these countries.
The deal, to acquire Asia Integrated Facility Solutions, is expected to be concluded by mid-December, hence the RM660 million revenue will be reflected in the books starting Jan 2017 for FY2017.