Aggreko buys Indonesia’s KBT for $33m

Glasgow-based Aggreko, the world’s largest temporary power firm, said it acquired KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company for about $32.8 million.

“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,” said Aggreko.

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

Aggreko CEO Chris Weston 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.”