Sumitomo Corporation says it has acquired 100% of the shares of PT Resource Equipment Indonesia (REL), a company engaged in the rental of large pumps mainly for mining sites in Indonesia, through its wholly owned subsidiary, Aver Asia (S) Pte Ltd. (Aver Asia).
REL is, Sumitomo says, a leading player in the rental and sales of large pumps mainly for the mining sector in Indonesia, serving many major mining contractors as its customers. Unlike general construction equipment rental companies that provide a variety of machines, REL specialises in large pumps, which require sophisticated engineering and management expertise.
The company offers pump rental with highly experienced operators, providing complete solutions tailored to the optimal specifications of each site, as well as operational and maintenance support. This expertise, backed by years of industry experience, sets REL apart from its competitors, Sumitomo says.
Sumitomo says its construction equipment business strategy focuses on regional expansion, product diversification and broadening the customer base. In 2009, Sumitomo entered the world’s largest construction equipment rental market, the US, through an investment in Sunstate. In 2020, it expanded further in Southeast Asia by acquiring Aver Asia, which operates construction equipment rental and sales across six countries from its base in Singapore.
Indonesia is expected to experience high growth supported by a surging population, and there is great potential for acceleration in mechanisation and rental demand driven by economic development, according to Sumitomo. Aver Asia has expanded its business in the country primarily in the construction sector.
With the acquisition of REL, it will gain specialised knowledge of large pumps and a new customer base together with access to the mining industry.
