Tuesday, September 13, 2011

AWC buys 70% of RDM Asia to enhance green tech solutions portfolio

KUALA LUMPUR: AWC Bhd plans to enhance its portfolio of green TECHNOLOGY [] solutions via acquisition of a 70% stake in Resource Data Management Asia Sdn Bhd (RDM Asia).

The company has also entered into a collaboration agreement with Resource Data Management Ltd (RDM Ltd) via RDM Asia for the development, marketing and distribution of RDM Ltd's products in Malaysia and the Asia region.

RDM Ltd is a green technology company specialising in the design and manufacturing of electronic control systems that provide temperature management assurance and flexible building automation for a wide variety of industries.

In a statement Tuesday, Sept 13, AWC said it was investing an initial sum of RM105,000 for the acquisition, and had committed RM3 million for RDM Asia's operations for up to the next two years.

The RM3 million investment was to be utilised to expand and drive the business, as RDM Ltd did not have any prior operations in Malaysia, it said.

AWC group chief executive and managing director Azmir Merican said that RDM Asia would focus on the supermarket and retail industry as refrigeration was a vital core of these businesses, of which the most amount of electricity is consumed.

'By helping them reduce their cost and by providing preventive, control and automated management of equipment solutions, we not only have satisfied customers, we will be helping to reduce carbon emissions, he said.

Azmir said RDM Ltd's products and services were designed to improve equipment performance and energy consumption.

RDM Ltd is based in Glasgow, Scotland and has captured 80% of the UK market with a focus on the supermarket and retail industries, he said.

Meanwhile, RDM Ltd managing director Andrew Chandler said the collaboration with AWC would allow it to expand its presence in Asia and tap the burgeoning market for energy / electronic control systems in the region.

'We are excited by this prospect and believe that our foray into the Malaysian market will help catapult our energy / electronic control systems into the region as well as complement our expansion plans into other Asian countries.

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