KUALA LUMPUR, Malaysia (July 1): T7 Global Bhd, a provider of energy solutions, has partnered with Siemens Logistics Pte Ltd, based in Singapore, to explore commercial potential in Malaysia, particularly in the burgeoning logistics sector. T7 Global announced in a statement that its subsidiary T7 Kemuncak Sdn Bhd has signed a collaboration agreement with Siemens Logistics today.
T7 Kemuncak and Siemens Logistics will collaborate on airport logistics, parcel logistics, and other automated solutions as part of this agreement.
Siemens Logistics is Siemens AG’s wholly-owned company in Germany.
T7 Global’s chairman, Datuk Seri Dr Nik Norzrul Thani N Hassan Thani, stated that the relationship with Siemens Logistics will allow T7 Global to expand into new markets in Malaysia.
“In Malaysia, we are honored to have Siemens Logistics as a partner. Siemens Logistics is a global leader in airport, postal, and other automated logistics solutions.
“Once the prospective benefits of the agreement have materialized,” he continued, “the board anticipates that the arrangement will potentially boost the company’s earnings and net assets.”
T7 Global has partnered with Siemens Logistics to compete for the modernization contract for the Kuala Lumpur International Airport’s baggage handling system (BHS) (KLIA).
T7 Global is one of six joint bidders for the contract, which includes MMC Corp Bhd, Fajarbaru Builder Group Bhd, and Bina Puri Holdings Bhd, all of which are listed on the Bursa Malaysia.
Siemens AG and Beumer Group of Germany, Daifuku Co Ltd and Toyo Kanetsu KK of Japan, Vanderlande Industries BV of the Netherlands, and Pteris Global Ltd of Singapore are among the six MNCs said to be interested in the BHS project.
Malaysia Airports Holdings Bhd (MAHB), which operates KLIA, has reportedly set aside up to RM1 billion to upgrade the BHS at the country’s busiest airport.
MAHB confirmed to The Edge that it had asked prominent global BHS original equipment manufacturers to participate in the tender when contacted by The Edge. However, because the ideas have yet to be filed, the list of participants is uncertain.
T7 Global’s stock rose one sen, or 2.78 percent, to 37 sen, valuing the company at RM235 million. A total of 4.25 million shares were exchanged.
Also see: MAHB’s baggage handling system contract is up for grabs in a four-horse race/n
