M&As this week: N.F. Smith & Associates, Aggreko, PT Perusahaan Listrik Negara

11 August 2016 (Last Updated August 11th, 2016 18:30)

N.F. Smith & Associates has acquired Ontility to enhance its distribution of solar products, including solar modules, inverters, racking, and balance-of-system (BOS) material.

N.F. Smith & Associates has acquired Ontility to enhance its distribution of solar products, including solar modules, inverters, racking, and balance-of-system (BOS) material.

The former is a global supplier of electronic components and semi-conductors, while the latter distributes solar equipment and provides solar design and consulting services.

Aggreko has completed its acquisition of DRYCO for an undisclosed amount, which will allow it to expand its North American business.

"Aggreko has completed its acquisition of DRYCO for an undisclosed amount, which will allow it to expand its North American business."

DRYCO provides drying and dehumidification services, with ten full-service locations, 60 employees and approximately 6,000 specialised assets.

PT Perusahaan Listrik Negara (PLN Persero) has announced its intention to acquire PT Pertamina’s (Persero) (Pertamina) wholly-owned subsidiary PT Pertamina Geothermal Energy (PGE).

The target company is involved in the exploration, refinement, production and distribution of geothermal energy.

PLN Persero aims to accelerate its geothermal power plant development projects through the acquisition.