A-Sonic Aerospace plans to take a 55% stake in RES Malaysia, a Malaysian information technology company, so as to expand its tech capabilities and apply it on its logistics business.
The amount to be invested is not disclosed for now.
RES has four wholly-owned units, and has a 30% associate stake in another.
"The joint venture is aligned with the A-Sonic Group’s strategy to enhance its digital and technology capabilities and to progressively evolve into a technology-enabled supply chain solutions group," reads A-Sonic's announcement on Feb 3.
The company wants to increase digitalisation and automation across its operations and where suitable, tap AI to lift productivity.
A-Sonic explains that rather than develop its own technology platform, it sees lower execution risks and faster implementation with RES.
