United Tractors Seeks Expansion With Gold Miner Acquisition

Used excavators at United Tractors' workshop in Jakarta.
Photographer: Muhammad Fadli/Bloomberg

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By Prima Wirayani

September 15, 2025 at 1:47 AM UTC

Updated on

September 15, 2025 at 3:43 AM UTC

Indonesian heavy machinery distributor PT United Tractors seeks to expand its businesses by acquiring a gold miner, according to a filing. Its shares rose.

The company to purchase 100% stake in PT Arafura Surya Alam through conditional sale and purchase agreements signed on Sep. 12 by its subsidiaries with PT J Resources Nusantara and Jimmy Budiarto.