The company was founded on 27 June 1986 known as
Highway Concessionnaires Berhad, a member of the
United Engineers Malaysia Berhad (UEM). On 13 May 1988, the Highway Concessionaires Berhad changed its name to
Projek Lebuhraya Utara Selatan Berhad (PLUS). On 29 January 2002,
PLUS Expressways Berhad was incorporated in Malaysia as a public company. Eight years later,
PLUS Malaysia Berhad (PMB) was incorporated on 29 November 2010 and became involved in investment holding. On 29 November 2011, PMB completed the acquisition of PLUS Expressways Berhad's assets and liabilities. PMB became the holding company of Projek Lebuhraya Utara-Selatan Berhad (PLUS), Expressway Lingkaran Tengah Sdn Bhd (ELITE), Linkedua Malaysia Berhad (LINKEDUA), Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd, Teras Teknologi Sdn Bhd, PLUS Helicopter Services Sdn Bhd and the substantial shareholder of Touch 'n Go Sdn Bhd. In addition, PMB also acquired Penang Bridge Sdn Bhd from
UEM Builders Berhad.
Projek Lebuhraya Usaha Sama Berhad (PLUS), a wholly owned subsidiary of PMB, was incorporated on 27 July 2011 to undertake the consolidation of all highway concessionaries acquired under a single entity. The acquisition of all five highway concession assets was completed on 12 January 2012. With the completion of the acquisition, PMB is the largest toll expressway operator in Malaysia and one of the largest in
Southeast Asia,
Asia, and the eighth largest in the
world.
Pre-acquisition companies == List of the company members ==