SHARES in Aggreko edged up nearly three per cent after it unveiled its $32.8 million acquisition of KBT (Kerta Bumni Teknindo), an Indonesian-based power rental company.

The deal, which strengthens Aggreko’s presence in Indonesia, has handed a boost to investors in the temporary power specialist, which has been challenged by the oil and gas downturn in the US and the renegotiation of contracts in Argentina at less favourable rates.

Last week it emerged respected finance boss Carole Cran will be leaving to join Forth Ports, which came shortly after after Nicolas Fournier left his role as boss of Aggreko’s power solutions unit.

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The KBT deal builds on Glasgow-based Aggreko’s presence in Indonesia. KBT has about 200 mega-watts (MW) of diesel and gas contracts on hire with local utility company PLN, adding to the 140MW Aggreko has contracted.

Aggreko boss Chris Weston said the deal will “deepen” the “long and productive relationship” the company has with PLN and Indonesia.

Shares closed up 22.5p at 910p.