5th Dec 2006 16:37
Aggreko plc ("Aggreko"), a global provider of temporary power,temperature control and oil-free compressed air solutions, announcedtoday that it has received all necessary regulatory approvals and hasexecuted its previously announced acquisition of substantially all theactivities, other than those relating to large gas turbines, of GEEnergy Rentals as planned. £ On a global basis, Aggreko will now offer over 4,700 MW of rentalpower capacity, including 12,000 generator sets, as well as 2,000water-cooled and air-cooled chillers for temperature controlsolutions. The new combined operations will operate from 28 countrieswith over 100 locations. £ Implications for North America £ "Aggreko has operated in North America for over 20 years andcurrently has facilities in over 50 locations. The acquisition ofGE-Energy Rentals will increase our fleet and our experienced serviceteam, while also adding one new location in Miami, Florida," saidGeorge Walker, President of Aggreko LLC, the North American divisionof Aggreko plc headquartered in Houston, Texas. "We look for thisacquisition to enhance our absolute focus on offering superior power,temperature control and oil-free compressed air solutions each day,every day to our customers. Increased availability of equipment in ourlocations allows us to have more equipment ready when our customersneed it most, in an emergency." £ The transaction will bring a number of benefits to Aggreko: £ -- Access to customers and markets. The acquisition of GE-ER's operations and customer-base will bring additional scale and coverage and will allow Aggreko to offer customers greater choice and better availability of equipment. An immediate benefit of the acquisition for Aggreko will be the opportunity to compete more effectively for work related to the very largest sporting events, such as the Olympics, in which GE-ER has established a strong track-record over the last three years. £ -- Rental Fleet. As a result of strong demand, Aggreko needs more rental fleet to support its continued growth. This acquisition increases the size of Aggreko's generator fleet, as measured by megawatts of capacity, by 31%, and of its chiller fleet by 28%. £ -- Access to a skilled workforce. Many of the GE-ER employees have years of experience in energy rentals and will help support the future growth of Aggreko. £ About Aggreko £ Aggreko plc is the global leader in the rental of power,temperature control and oil-free compressed air systems. We helpcustomers in many different industries to improve and safeguard theiroperations by solving problems, creating opportunities and reducingrisk. Aggreko provides 24/7 availability and service support with morethan 2,000 employees operating from over 100 locations in 28countries. In 2005, we served customers in 80 countries, using morethan US$1bn of rental equipment. Aggreko plc is listed on the LondonStock Exchange (AGK.L) and headquartered in Scotland. For moreinformation, please access the company website athttp://www.aggreko.com Copyright Business Wire 2006Related Shares:
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