Aggreko Acquires Kerta Bumni Teknindo for USD32.8 Million

Published: Jun 14 2017
Deal Summary

Aggreko Plc, a provider of modular, mobile power and related solutions to the oil and natural gas industry, has acquired PT Kerta Bumni Teknindo (KBT), an Indonesia-based power rental company, for a maximum consideration of USD32.8 million.

Currently, 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. There is an escrow in place allowing for clawback should any of the acquired contracts terminate before a certain period of time.

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