Cloudpoint Technology Bhd has taken significant strides in bolstering its presence in the data center sector by announcing strategic acquisitions. The company has disclosed a binding term sheet for the acquisition of 75% of ordinary shares in both Unique Central Sdn Bhd (UCSB) and Uniqcen Sales & Services Sdn Bhd (USSSB), with a combined investment totaling RM26.7 million.
With this move, Cloudpoint solidifies its control over UCSB and USSSB, rendering them 75% subsidiaries. These entities specialize in providing comprehensive data center solutions ranging from infrastructure design and construction to integration, monitoring, and sustainability assessment.
The detailed term sheet outlines essential information about the vendors, profit guarantees spanning fiscal years 2024 to 2026, and a staged payment plan linked to predefined profit targets.
Cloudpoint aims to emerge as a leading provider of end-to-end data center solutions, including cybersecurity services. The company anticipates a surge in revenue, expanded service offerings, and recurring income streams, which are expected to bolster overall profitability and shareholder value.