27 January 2021

Singapore

SC has acquired 100% of the shares of Aver Asia (S) Pte (hereinafter, “Aver Asia”), a company engaged in the sales and rental of construction equipment in Southeast Asia, and made Aver Asia a wholly-owned subsidiary.

Due to infrastructure improvement and urbanisation, construction demand is expected to grow in Southeast Asia. The amount of construction investment within the region is estimated to be doubled over the next five years. Construction work has become increasingly mechanised as safety awareness has risen and economic development has brought about higher personnel costs, and an accelerating shift from ownership to rental of construction equipment is forecasted.

Aver Asia operates construction equipment distribution and rental business in seven countries, including Singapore, Malaysia, Indonesia and Thailand, and handles aerial work platforms, compressors, and generators as their main products.

Articulating Boom Lifts at Aver Asia office