# Sumitomo acquires Indonesian large-pump rental firm PT Resource Equipment

Sumitomo Corporation, through subsidiary Aver Asia (S) Pte Ltd, acquired 100% of PT Resource Equipment Indonesia, a rental and sales provider of large pumps for Indonesian mining sites. The deal enters Sumitomo into the mining pump market in Indonesia.

- Type: Acquisition
- Announced: 2024-12-14
- Where: Indonesia
- Status: completed
- Products: large pumps rental, large pumps sales
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Aver Asia (S) Pte Ltd](https://endata.com/companies/12584.md) (acquirer)
- [PT Resource Equipment Indonesia](https://endata.com/companies/12585.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2024/12/14/sumitomo-enters-indonesian-mining-pump-market-with-pt-resource-equipment-buy/), 2024-12-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.