2nd Sep 2015 06:24
LONDON (Alliance News) - Temporary power company Aggreko PLC on Wednesday said it has struck a deal to acquire the majority of the assets owned by Canada's ICS Group Inc for CAD37.0 million.
FTSE 250-listed Aggreko said the acquisition of the company, which provides mobile temperature control services in the Canadian market, will give it a presence in the North American heater market and will expand its operations into new North American locations.
It intends to integrated ICS with its business in Western Canada and will then look to expand the unit further in North America.
"The acquisition of ICS enhances our temperature control business in North America and gives our customers an unparalleled range of equipment and service options. Temperature control products are used extensively in our target sectors and benefit our core business as they generally require associated power," said Aggreko Chief Executive Chris Weston.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
AGK.L