International onsite power company Aggreko has acquired Indonesian power rental company PT Kerta Bumi Teknindo (KBT).
The deal will see Aggreko expand its operations and investment in Indonesia and comes after the company opened a Jakarta service centre in December.
“Aggreko has operated in Indonesia since 2002 and has since invested considerably in building our in-country capacity, both in terms of generation fleet and our team of highly-skilled, local employees,” said Aggreko chief executive Chris Weston.
“Indonesia continues to improve electrification across its vast geography, and Aggreko is committed to supporting these efforts, by supplying world leading technology in mobile, modular power generation, to industrial users and the state utility.”
Indonesia President Joko Widodo wants to see the country’s rapid economic and social development taking place in central areas spread to wider, outlying areas, and improving energy supplies is key to this target.
UK-headquartered Aggreko has already made a formal commitment to the Indonesian government to invest more than £25m ($31.8m) into its Indonesian operations to help support this policy.
Benny Goh, managing director of Aggreko Asia, said that KBT “has a reputation for delivering a high-quality product via an experienced and professional team, which makes it a natural fit for us”.
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