| | NOVEMBER 20238IN FOCUSKKR TO FUNNEL $400 MILLION TO MALAYSIA FIRM OMS GROUPBAHRAIN WIDENS EV CHARGING NETWORK THROUGH KPS-ABB AGREEMENTKKR, a leading global investment firm and the parent company of OMS Group (or the "Company"), a leading telecom infrastructure company and provider of subsea cable services, announced the signing of definitive agreements under which KKR will invest $400 million in a customized solution for OMS Group. This is KKR's latest digital infrastructure investment in Southeast Asia, demonstrating the firm's belief in the significance of digitalisation in the region's developing internet economy.Founded in 1988, OMS Group is a neutral provider of integrated solutions for subsea telecommunications cable services, including installation and maintenance projects. The Company maintains a more-than-three-decades track record of providing mission-critical services to clients including major subsea equipment providers, large-scale cloud service providers, and telecom companies, and is internationally accredited for its quality management system, as per economic times. Mr Projesh Banerjea, Director, Infrastructure at KKR, said, "OMS Group has established itself as a market leader with a longstanding track record of success and growth in Southeast Asia. As demand for greater connectivity across the region continues to grow, we are delighted to work closely with Datuk Lim, Mr Ronnie Lim, and the highly rated OMS Group team to meet this critical need. Our tailored solution for OMS Group also creates strong adjacencies with KKR's recent digital infrastructure investments and builds on long-term secular tailwinds in the region, including increased data consumption, enterprise cloud needs, a focus on digitalisation by governments, and a booming digital economy. We look forward to sharing our global network and infrastructure expertise to take OMS Group to its next stage of growth." Following a strategic agreement between Kanoo Power Solutions and Swedish-Swiss engineering company ABB, Bahrain is set to see an increase in electric car charging stations. This action is part of Bahrain's efforts to encourage sustainable mobility throughout the country.In line to achieve carbon neutrality by 2060, the KPS-ABB agreement is aimed at accelerating the adoption of EVs by expanding the Gulf country's electric charging infrastructure. Sudhindra Kalibhat, head of KPS, emphasized that their partnership with ABB represents a significant step toward building a sustainable future for Bahrain, as per arabnews.He added, "Our extensive network and expertise in power solutions, coupled with ABB's state-of-the-art technology, can accelerate the transition to electric vehicles by supporting the growing demand for fast, reliable and convenient EV charging stations."The ABB EV charging stations provide connectivity options that allow for remote monitoring, diagnostics, and updates, which increase performance and facilitate future advancements. According to Vinayak Joshi, ABB's vice president of electrification business for the GCC and East Africa, their EV charging stations have several notable qualities, including quick and smooth charging and solving availability and speed difficulties.He added, "Its flexibility and interoperability ensure compatibility with diverse EV models, promoting convenience for users regardless of their vehicle's make." The collaboration underscores a commitment to sustainable transportation, aligning with the global transition toward eco-friendly mobility solutions.Its principal goal is to encourage the use of EVs, resulting in a dependable and environmentally responsible charging network. ABB provides a complete variety of e-mobility solutions for various automotive categories, including automobiles, buses, and trucks, with over 13 years of technology and innovation leadership in EV charging systems.
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