Dec. 13, 2024
Sumitomo Corporation

Sumitomo Corporation Acquires Large Pump Rental Company for Mining in Indonesia- Expanding into the mining sector and enhancing construction equipment rental business in Southeast Asia -

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno), 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 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 specializes 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.

Large pumps used for drainage of water accumulated on sites due to rainfall or groundwater, alongside with an REL operator

Sumitomo Corporation's construction equipment business strategy focuses on regional expansion, product diversification and broadening the customer base. In 2009, Sumitomo Corporation entered the world’s largest construction equipment rental market, the United States, 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 mechanization and rental demand driven by economic development. Aver Asia has expanded its business in the country primarily in the construction sector. With the acquisition of REL, it will gain specialized knowledge of large pumps and a new customer base together with access to the previously untapped mining industry. By cross-selling with the existing construction equipment fleet, Aver Asia aims to expand its business in the high-potential Indonesian market and contribute to the entire region as Aver Asia Group.

Reference

Profile of REL

Company name : PT. Resource Equipment Indonesia
Overview : Large pumps used for drainage of water accumulated on sites due to rainfall or groundwater, alongside REL operators
Head office location : Indonesia・Balikpapan
Established : 2010
Employees : Approx. 70

Related Information :
Acquisition of Aver Asia (construction equipment sales and rental company in Southeast Asia)
Sumitomo Corporation Expands Construction Equipment Business with Acquisition of Construction Equipment Rental Company in US


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