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Bids, Mergers and Takeovers

Aggreko acquires KBT in Indonesia

14 June 2017 07:33

Aggreko has acquired KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company for a maximum consideration of $32.8m which,it said, equated to 1 times net asset value.

Aggreko said KBT had around 200MW of diesel and gas contracts on hire with the local utility company PLN, which added to the 140MW that Aggreko had contracted.

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

Story provided by StockMarketWire.com

Related Company: AGK

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