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View all search resultsKAI to acquire state-owned train maker INKA in November
The government has been pushing for the integration of both firms since 2016 in a bid to address challenges faced by KAI in procuring railways, while also expecting the merger to improve delivery reliability and quality of railway equipment.
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On right track: A commuter train operated by PT Kereta Commuter Indonesia, a subsidiary of state railway company PT KAI, passes Jatinegara Station in East Jakarta on April 15. The railway’s peak hours changed from 7 a.m. to 8 a.m. and 5 a.m. to 6 p.m. during COVID-19 period. (JP/Yulianto Catur Nugroho)
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tate-owned railway operator PT Kereta Api Indonesia (KAI) aims to complete the acquisition of train manufacturer PT Industri Kereta Api (INKA) in November, with support from state asset fund Danantara.
KAI portfolio management and information technology director I Gede Darmayusa unveiled the plan in a meeting with the House of Representatives Commission VI, which oversees state-owned enterprises (SOEs), on Wednesday.
Under the roadmap for this year, the acquisition agreement is expected to be signed in November, Gede said.
“This means that by 2027, we can begin implementing the roadmap that we have formulated together, including engagement with technology partners or principals, plus preparations for MRO [maintenance, repair and overhaul] business,” he said, as quoted by Antara.
Last month, Danantara mandated that both KAI and INKA conduct due diligence and a comprehensive assessment regarding the integration of the two firms, aiming to strengthen supply reliability of railway equipment, increase operational efficiency and build long-term synergy.
Gede noted that KAI’s rolling stock demand for the next five years comprised around 2,000 bottom dump wagons, 1,200 flat wagons, 652 passenger carriages and 30 electric commuter railway (KRL) for the Greater Jakarta area.
[Govt to merge state-owned rail operator KAI with train maker INKA::/business/2024/12/18/govt-to-merge-state-owned-rail-operator-kai-with-train-maker-inka]
