Financial Releases
Aggreko completes acquisition of GE Energy Rentals
05 Dec 2006
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, completed on
4th 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. Assuming delivery and acceptance by
Aggreko of all these additional assets, the total consideration
would be US$212m.
GE Energy Rentals is 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.
ENQUIRIES:
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| Aggreko plc |
+44 141 225 5900 |
| Rupert Soames |
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| Angus Cockburn |
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| Maitland |
+44 20 7379 5151 |
| Neil Bennett |
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| Charlotte Barker |