Sum Technology buys 51pct of security solutions firm INI Technologies for RM2mil
KUALA LUMPUR: Sum Technology Bhd is acquiring a 51 per cent stake in security and automation specialist INI Technologies Sdn Bhd for RM2 million cash, expanding beyond its core engineering business.
Kuala Lumpur - Sum Technology Bhd has announced plans to acquire a 51% stake in security and automation firm INI Technologies Sdn Bhd for RM2 million in cash. The engineering solutions provider, which specializes in cleanroom and mechanical, electrical, process utilities and fire fighting (MEPF) services, made the acquisition through a share sale agreement.
The deal will broaden Sum Technology's capabilities in electronic security, video surveillance, access control and automation. By integrating INI Technologies' technical expertise with Sum Technology's MEPF engineering capabilities, the group aims to develop more integrated solutions for monitoring, analyzing and responding to industrial facilities and data centers.
The acquisition is expected to be finalized by the fourth quarter of 2026, subject to the fulfillment or waiver of conditions under the agreement.
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