Epicon acquires concrete firm for RM25mil

PETALING JAYA: Epicon Bhd is proposing to acquire precast and prestressed concrete firm Concrete Empire Sdn Bhd (CESB) for RM24.5mil.

In a statement, Epicon said CESB specialises in bridge and flyover construction.

“This acquisition marks a significant step in Epicon’s journey towards becoming a comprehensive infrastructure solutions provider, further solidifying its presence in the competitive Malaysian construction sector.

“As part of the agreement, CESB guarantees a profit of RM8mil for the financial years ending 2024 and 2025, assuring sustained financial contributions during this critical transition phase.”

Epicon added that CESB boasts a tender book worth RM162.3mil and an order book of RM57.13mil.