IJM completes a 50 % share of shares in the JRL group

The Malaysian IJM company has completed a 50 % share of shares in JRL Group Holdings, based in the United Kingdom, for 50 million pounds ($ 66.4 million, 283 Malaysian Rangeette).

This investment indicates the start of a long -term partnership aimed at enhancing capabilities and following up growing opportunities in the construction market in the United Kingdom.

This acquisition was initially reported in November 2024.

Its headquarters is located in Borehamwood, HERTFORDSHIRE, JRL is the building provider in 1996.

With 14 specialized departments, JRL provides a full range of contracting, design, manufacturing and services services.

The company owns a portfolio across the residential, commercial and institutional sectors, and it is characterized by a book of orders worth 1.45 billion pounds (about 8.49 billion Malaysian Rangeette), which provides clarity of profits for the next three years.

According to the company, the acquisition to support the basic construction capabilities of IJM is set, completing the current RM6BN request book.

JRL’s internal delivery form, which includes sections such as Midgard and J Reddington; Complementary confrontations. ARK M & E; It is claimed that the Tower Crane rental in London is alleged to be a special synergy with the IJM strategy to expand in the UK market.

This step was also mentioned to enhance the JRL Capital base, enhance liquidity and support the implementation of the application book and future projects.

The broader IJM strategy includes diversification of revenue flows and expanding its international presence, as the UK was a pivotal point of the group’s investments in property, construction and urban renewal.

It is reported that JRL experience, especially in complex sites in urban areas and infrastructure, is compatible with IJM’s interest in developments directed towards crossing.

The acquisition combines the IJM development experience with JRL’s contractual competence, improving the value chain and consolidating the group’s position in a mature market, as the company stated in its press statement.

Since 2021, JRL has varied in real estate development, with about 2,400 units of construction and living in seven sites, which estimates a total development value of 780 million pounds (about 4.58 billion Malaysian Rangeette).

The main contract department at JRL, MidGard, has a date of cooperation with IJM, after it has established the first development in the UK at IJM Land, the first phase of Mint Mint Gardens.

“The completion of this acquisition is a great progress in the IJM growth strategy in the UK. JRL allows us to follow us complicated, specialized technical expertise, and a strong office, while enhancing our design capabilities. Market,” said the CEO of IJM Group and Administration Director Dato ‘Lee Chun Fai.

“The finishing touches on this partnership represent a major milestone for JRL, which was built on Mutual Trust developed over years of cooperation. The IJM global experience and strategic ambition is in line with our focus on complex delivery, on a large scale. Together, we are well done to cancel the insurance of new opportunities and support the next stage of growth In the United Kingdom. “

“IJM completes 50 % of shares in JRL Group” originally created and published by Global Building NetworkThe brand owned by Globaldata.

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