PT Evans Indonesia to acquire PT Kalimantan Wahana Berjaya

PT Evans Indonesia has agreed to acquire PT Kalimantan Wahana Berjaya in a strategic acquisition within the energy sector. The transaction, valued at approximately two million US dollars, involves an equity value consideration paid entirely in cash. Both parties are based in Indonesia, marking a domestic consolidation move within the regional energy landscape. This deal represents a significant financial commitment by the acquiring entity to expand its operational footprint and asset base in the local market.

The agreement was announced on 10 September 2026, although records indicate the transaction had technically completed two days prior on 8 September 2026. The final status of the deal is confirmed as completed, suggesting that all necessary internal approvals and closing conditions were satisfied ahead of the public announcement date. This sequence highlights a swift execution process typical of streamlined domestic transactions where regulatory hurdles may be minimal or already cleared. The completion signifies that PT Kalimantan Wahana Berjaya is now fully integrated under the ownership and control of PT Evans Indonesia, allowing for immediate operational alignment and strategic planning without further delay from pending regulatory reviews or external approvals.