November 12, 2024, Aver Asia, a leader in the equipment rental business operating in Asia Pacific, has completed the acquisition of PT Resource Equipment Indonesia.
PT Resource Equipment Indonesia (REL), located at Balikpapan (and only 650m away from PT Aver Asia Balikpapan branch), is an established equipment specialist that provides innovative and sustainable mine water and slurry management solutions in Indonesia for more than a decade.
Known for its reliable pumping systems, REL operates one of the largest and most diversified fleets of pumping and associated support equipment in Indonesia. REL is known to provide unique and “fit-for-purpose” mine water, mud management and hydro-mining solutions, along with options for equipment hire and purchase, servicing sectors such as mining, oil & gas, heavy industries and infrastructure.
The acquisition ceremony started in great energy with a traditional dance of the Dayak Modang tribe. The signing and handing over event were witnessed 3-way by the entire REL team lead by Dave Tilbrook, Commissioner, and Tony Ryder, President Director, an Aver Asia contingent headed by Ben Koh, Chief Executive Officer, and the expatriates of Sumitomo Corporation, represented by Negishi Takayuki and Yutani Yoshihito. With the acquisition, Aver Asia can grow the equipment business horizontally with more to offer to major clients.
With Aver Asia acquiring REL, we are pumping a whole new story with the combined and complementary strengths of REL and Aver Asia. REL has a stellar reputation for business excellence; as a matter of fact, REL and Aver Asia share many similar values and inspirations. It is crystal clear that both are poised to achieve great things together to accelerate business growth. REL business stream shall remain unchanged after the acquisition.
Aver Asia celebrated Silver Jubilee anniversary in 2024 hence it makes it even more special to have welcomed REL into the family this year. As a group, we shall continue to open new markets and unlock new opportunities to enhance greater value to our employees, customers and stakeholders.
