M&A Deal Summary

Sumitomo Acquires REL

On December 13, 2024, Sumitomo acquired business services company REL

Acquisition Highlights
  • This is Sumitomo’s 3rd transaction in the Business Services sector.
  • This is Sumitomo’s 2nd transaction in Indonesia.

M&A Deal Summary

Date 2024-12-13
Target REL
Sector Business Services
Buyer(s) Sumitomo
Deal Type Add-on Acquisition

Target

REL

Manggar, Indonesia
REL offers pump rental with highly experienced operators, providing complete solutions tailored to the optimal specifications of each site, as well as operational and maintenance support. REL is based in Manggar, Indonesia.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 46 of 50
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 24 of 25
Country: Indonesia M&A 2 of 2
Year: 2024 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Social Interior

Tokyo, Japan

Social Interior is involved in the planning and developing of the Business Management Cloud, a furniture and fixture ordering and receiving platform; Office Construction Support, providing full support for corporate office creation; and " Subsclife," a mail-order subscription service for furniture and home appliances. Social Interior was formed in 2016 and is based in Tokyo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-24 Werner Aero

Mahwah, New Jersey, United States

Werner Aero specializes in procuring, dismantling, and selling retired aircraft and their components. Werner Aero was founded in 1993 and is based in Mahwah, New Jersey.

Buy -