Portable power provider expands presence in Far East with £25m acquisition
Staffordshire-based portable power supplier, Aggreko has strengthened its presence in the Far East with a £25m acquisition.
The company has acquired KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company, for a maximum consideration of $32.8m (£25.65m) equating to one times net asset value.
KBT has around 200MW of diesel and gas contracts on hire with the local utility company PLN, which adds to the 140MW that Aggreko has contracted.
KBT was established in 1993 and has successfully been serving the power rental... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
