Eversendai plans to acquire firms.

Byline: Sharen Kaur

GEORGE TOWN: EVERSENDAI Corp Bhd, a specialist structural steel and power plant contractor, is buying several companies related to its core business to help achieve its RM2 billion revenue target by 2016.

The group, which has RM1.9 billion worth of ongoing contracts in hand, is also bidding for more jobs in Southeast Asia, the Middle East and India.

"To achieve the target, we have to acquire a few companies and we are mid way now. I foresee in the next few months, we will announce two or three acquisitions," said Eversendai group managing director Datuk AK Nathan.

Nathan said the companies, both local and foreign, are involved …