Construction News

15/06/2017

Aggregko Acquires Indonesian Power Rental Firm KBT

Aggregko has completed the purchase of Indonesia-based power rental company, Kerta Bumni Teknindo (KBT).

The £25.7 million deal will see the Glasgow-based firm acquire around 200MW of KBT's diesel and gas contracts on hire with the local utility company PLN, adding to 140MW that Aggreko has contracted.

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Chris Weston, Chief Executive, said: Aggreko has had a long and productive relationship with PLN and Indonesia, and this acquisition will deepen this further. PLN has been clear in its ambition to improve the power situation in East Indonesia in particular, and we will be well placed to support this with our extended presence and competitiveness."

KBT was established in 1993 and has been serving the power rental market since 2010.

(LM/MH)

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