Jasa Kita Bhd is acquiring KT System Sdn Bhd for RM10 million as it expands into the power and utilities infrastructure sector.
In a Bursa filing, Jasa Kita said it will purchase 1.3 million shares from Norza Holdings Sdn Bhd and Nazarudin Salleh, giving it full ownership of KT System.
The deal will be funded through internal funds and possibly bank borrowings, and is expected to be completed in the second quarter of the year.
Group managing director Datuk Seri Iskandar Mizal Mahmood said the acquisition combines KT System’s technical expertise with Jasa Kita’s plan to build a broader engineering platform in the power infrastructure and utilities space.
KT System is an electrical engineering firm involved in inspection, testing, commissioning and maintenance of electrical systems for transmission, distribution and solar projects, as well as power protection consultancy services.
Its clients include Tenaga Nasional Bhd, Petroliam Nasional Bhd (PETRONAS), and Malaysia Airports Holdings Bhd.
Jasa Kita said the move supports its strategy to tap into growth in Malaysia’s power sector, driven by AI data centres, renewable energy expansion, and grid optimisation initiatives.
Shares of Jasa Kita were unchanged at 20 sen at midday, valuing the group at RM89.9 million.
