Meralco Industrial Engineering Services Corporation (MIESCOR), the engineering and infrastructure arm of giant utility firm Manila Electric Company (Meralco), has completed the acquisition of shares in Customer Frontline Solutions Inc. (CFS) as part of efforts to strengthen its portfolio.

In a disclosure to the Philippine Stock Exchange, Meralco said MIESCOR acquired 400,000 common shares of CFS from CIS Bayad Center, Inc. (Bayad) for a total consideration of PHP74 million.

Both CFS and Bayad are affiliates through Corporate Information Solutions, Inc.

The transaction was formalized on September 1, 2025, and was filed with the Securities and Exchange Commission under a Form 17-C report.

Earlier in the year, MIESCOR said it was exploring a partnership with MORE Power to modernize and expand energy distribution networks in Iloilo and Negros. The proposed collaboration includes power infrastructure upgrades, workforce training, and a Utility Attachment Office to address the growing energy demands of these provinces. 

MIESCOR, a leading provider of engineering, procurement, construction, maintenance, and project management services, has successfully completed numerous power projects across the country, making it a strong potential partner in ensuring that MORE Power’s network upgrades meet industry best practices and efficiency standards.

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