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This article first appeared in The Edge Financial Daily on October 22, 2019

KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) is partnering Resource Data Management Asia Sdn Bhd (RDM) in identifying opportunities in the provision of end-to-end solutions related to energy efficiency, automation engineering and Internet of things integration.

KAB said yesterday its wholly-owned subsidiary KAB Technologies Sdn Bhd (KABT) had inked a joint venture (JV) and shareholders’ agreement with RDM following the memorandum of understanding entered into by the parties on Sept 3.

Under the agreement, KABT will be holding 80% of the shares in the JV company, while RDM, which is involved in the distribution of electronic control systems related to temperature and energy, will hold the balance 20% stake.

Besides technological solutions, the JV company will also be providing soft services including auditing, analytics and remote management services.

“The operation of the business may be based on methods or structures such as sale, energy performing contracts, service model, build operate transfer model and such other methods or structures based on the requirements of the potential clients of the JV company,” said KAB.

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