5th Dec 2006 07:02
Aggreko PLC05 December 2006 AGGREKO COMPLETES ACQUISITION OF GE ENERGY RENTALS The acquisition, first announced on 26 September 2006, by Aggreko plc ofsubstantially all the activities (other than those relating to large gasturbines) of GE Energy Rentals, completed on 4 December 2006 for an initialconsideration of US$182.8m. As previously announced, Aggreko has agreed to purchase during the next 12months additional fleet to a maximum value of US$29.2m, subject to certainconditions to be satisfied at the time of delivery of those assets. Assumingdelivery and acceptance by Aggreko of all these additional assets, the totalconsideration would be US$212m. GE Energy Rentals is a major multi-national supplier of temporary power andtemperature control equipment and services. It operates from 35 locations inNorth America, Europe, South America, Asia, the Middle East and Australia. ENQUIRIES: Aggreko plc +44 141 225 5900Rupert SoamesAngus Cockburn Maitland +44 20 7379 5151Neil BennettCharlotte Barker This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AGK.L