The transaction involves the acquisition of T&J Engineering (TJE) by OPCOM Holdings Bhd (Opcom).

The portfolio includes TJE’s acquisition and allowing Opcom to gain access to the former’s business and network and thus, expand its core operations to include the telecommunication network infrastructure solutions sector. 

The acquisition came with a profit guarantee of RM60 million (US$13.55 million) from the financial year (FY) 2023 until FY2025. It is expected to encompass setting up new telecommunications-related infrastructure, supply chain management and warehousing, and network maintenance and other value-added services such as connectivity services, security services, data centres and related internet access to cloud services. 

The transaction was valued at RM90 million (US$20.3 million). The acquisition’s inter-conditional proposals are expected to be completed in Q1 of 2023.