JAKARTA — PT Pelindo Daya Sejahtera (PDS) and PT Tanjung Emas Daya Sejahtera (TEDS) are set to be merged as part of efforts to streamline the subsidiary structure within PT Pelabuhan Indonesia (Persero), or Pelindo.
The plan is part of a broader program to simplify the structure of state-owned enterprise (SOE) subsidiaries under PT Danantara Asset Management (Persero) and Pelindo. Under the proposed structure, PDS will serve as the surviving company, while TEDS will be merged into PDS. The information was reported by Bisnis.com.
The merger is being pursued because the two companies have overlapping business activities, particularly in outsourcing services. PDS provides various outsourced personnel services, while TEDS operates tally services related to cargo handling and recording activities at ports.
According to the merger plan cited by Bisnis.com, demand for tally services is expected to decline as digitalization across port operations continues to expand. The consolidation is therefore aimed at simplifying the corporate structure while optimizing resources within the Pelindo Group.
PDS currently provides a range of services, including security, cleaning, landscaping, customer service centers, heavy equipment operators, data entry, drivers, as well as administrative and secretarial personnel.
Meanwhile, TEDS has primarily focused on independent tally services. Once the merger takes effect, the tally business will no longer operate through TEDS as a separate corporate entity. TEDS’ fixed assets will also be transferred to PDS.
In terms of share ownership, each TEDS share will be converted into 0.426 PDS shares based on an independent valuation.
Following the merger, PDS is expected to have PT Pendidikan Maritim dan Logistik Indonesia holding a 89.96% stake, while Koperasi Pegawai Pelabuhan Indonesia (Kopelindo) will hold the remaining 10.04%.
The merger will also cover employment arrangements. All TEDS employees will become part of PDS once the merger becomes effective. Their length of service will remain recognized in accordance with applicable labor regulations.
Under the provisional schedule, the Board of Commissioners approved the merger plan on September 18, 2026. The merger plan was announced to the public and employees were notified on September 22, 2026.
Creditors will have until October 6, 2026, to submit objections. Extraordinary General Meetings of Shareholders (EGMS) of both companies are scheduled for October 22, 2026, while shareholder approval and the signing of the merger deed are targeted for October 23, 2026.
The schedule remains indicative and may change depending on the progress of the merger process.
