Analysis of Valuation in Acquisition of Intangible Asset Based (Skill Based Asset) Company : Study Case of Acquisition by PT Elnusa,Tbk
Deny Christian
University of Indonesia
Magister of Management
Salemba 3, RW.5, Kenari, Senen, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10430
Abstract
In 2017, PT Elnusa acquired PT DW with the aim of increasing the companys capability in the Engineering, Procurement, Construction (EPC) business. The business diversification carried out by PT Elnusa in the EPC field encountered obstacles in terms of Engineering because the company did not have these capabilities despite having mastered the Procurement and Construction side. The acquisition is expected to not only provide added value in terms of capability but also cost savings. The acquisition of Engineering companies is basically a service-based company, so that the companys valuation cannot only use valuation based on the assessment of fixed tangible assets but also the valuation of intangible assets
Keywords: Acqusition,Valuation of Company-s Intangible Aset
Topic: Strategic Management & Ecosystem Business