Moya Holdings Asia thirsty for more Indonesia acquisitions

Water company will be working towards greater efficiencies and savings from Acuatico takeover in the immediate future.

Published Sun, Oct 1, 2017 · 09:50 PM

MOYA Holdings Asia has been waiting a long time for its moment in the sun. And now, after the acquisition of fellow Indonesian water company Acuatico, it believes it is well primed for further growth - and much more investor attention.

"Now all the elements are there," says its chief executive Simon Melhem in an interview with The Business Times. "We have a strong local shareholder. The market is there. Our track record is there. Our size is there. Our appetite for growth is there."

"We have demonstrated our ability to acquire and grow and fund the projects," he added. "Now people are starting to see that Moya can be the next big thing in water."

At the start of this year, the Indonesian water firm had three build-operate-transfer (BOT) water supply projects under contract and development. The first two, in Bekasi Regency and Tangerang City, have already started commercial operations, each with a capacity of 1,150…