KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.
This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE.
Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with 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.
Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director & CEO, UEM Edgenta,
shared, “This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our 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.”
“This JV allows us to leverage the strengths of both HEB
Group and Opus International. 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. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”
Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director & CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.
OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.
For further information on OPUS and UEM Edgenta,
log on to https://www.uemedgenta.com.
This press release has also been published on VRITIMES