Product category:
Equipment Hire Services
News Release from: Aggreko
Edited by the Processingtalk Editorial
Team on 07 December 2006
Aggreko completes acquisition of GE
Energy Rentals
The Aggreko acquisition of the activities (other than those relating to large gas turbines) of GE Energy Rentals, completed on 4 December 2006 for an initial consideration of US$182.8m.
The acquisition, first announced on 26 September 2006, by Aggreko plc of substantially all the activities (other than those relating to large gas turbines) of GE Energy Rentals, was completed on 4 December 2006 for an initial consideration of US$182.8m As previously announced, Aggreko has agreed to purchase during the next 12 months additional fleet to a maximum value of US$29.2m, subject to certain conditions to be satisfied at the time of delivery of those assets
This article was originally published on Processingtalk on 10 Jul 2006 at 8.00am (UK)
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Assuming delivery and acceptance by Aggreko of all these additional assets, the total consideration would be US$212m.
GE Energy Rentals continues as a major multi-national supplier of temporary power and temperature control equipment and services.
It operates from 35 locations in North America, Europe, South America, Asia, the Middle East and Australia.
Aggreko is the global leader in the rental of power, temperature control and oil-free compressed air systems.
We help customers in many different industries to improve and safeguard their operations by solving problems, creating opportunities and reducing risk.
Aggreko provides 24/7 availability and service support with more than 2,000 employees operating from over 100 locations in 28 countries.
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