ABM acquires asset from subsidiary
Monday, December 23 2013 - 01:00 AM WIB
IDX-listed PT ABM Investama Tbk, an integrated energy company, announced Sunday the acquisition of heavy equipment assets from its subsidiary, PT Sumberdaya Sewatama. ABM Investama has acquired pumps and supporting equipment essential to operate dewatering process in the energy industry, including mining.
The acquisition is the first step for the company to operate a new business as an operational holding company, as stated in the Extraordinary General Shareholder?s meeting on June 27, 2013.
?As an operational holding company, ABM operates its business in leasing both primary and supporting equipment in the mining industry, which can be leased to other fields of industry,? said Andi Djajanegara, CEO of ABM.
Editing by Reiner Simanjuntak