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Completion of Acquisition

17th Apr 2012 09:02

RNS Number : 4716B
Aggreko PLC
17 April 2012
 



17 April 2012

 

 

AGGREKO COMPLETES ACQUISITION OF POWER RENTAL BUSINESS IN SOUTH AMERICA

 

 

Aggreko is pleased to confirm that the acquisition of the entire share capital of Companhia Brasileira de Locações ("Poit Energia"), first announced on 26 March 2012, completed on 16 April 2012 on terms stated in that initial announcement.

 

Poit Energia offers complete power rental solutions, including generators, lighting towers, containers and loadbanks, as well as accessories such as cables, transformers and switchgear. As of December 2011 Poit Energia had a fleet of over 1,300 generators equating to around 350MW and employed over 450 people. Poit Energia is headquartered in Sao Paulo and operates from 14 locations in Brazil, two in Chile and one each in Argentina and Peru.

 

Lazard & Co., Limited served as financial adviser to Aggreko; Pinheiro Neto Advogados served as legal adviser to Aggreko and Deloitte LLP provided transaction services advice.

 

 

Enquiries to:

 

Rupert Soames / Angus Cockburn

Aggreko plc

Tel. 0141 225 5900

Neil Bennett / Tom Eckersley

Maitland

Tel: 020 7379 5151

 

 

Note: Exchange rate of R$2.91:£1 used for all conversions from R$ to £.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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