Aggreko

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Aggreko plc
Public limited company
(LSEAGK)
Industry Generator hire
Founded 1962
Headquarters Glasgow, Scotland, United Kingdom
Key people
Ken Hanna, Chairman
Chris Weston, CEO
Revenue £1,577 million (2014)[1]
£310 million (2014)[1]
£215 million (2014)[1]
Website www.aggreko.com

Aggreko plc is the world's largest temporary power generation company,[2] and a major supplier of temperature control equipment. It is headquartered in Glasgow, Scotland, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History[edit]

Aggreko was founded in the Netherlands in 1962.[3] It moved to Scotland in 1973 and was acquired by Christian Salvesen plc in 1984.[3] It was demerged from Christian Salvesen and first listed on the London Stock Exchange in 1997.[3]

The company acquired substantially all the activities (other than those relating to large gas turbines) of General Electric Energy Rentals for total consideration of circa US$212m in 2006.[4] It became the exclusive supplier for temporary power and temperature controls for the Beijing 2008 Olympic Games in 2008[5] the exclusive supplier for temporary power for the London 2012 Olympic Games in 2012.[6] and sponsor and official provider of temporary power for the Glasgow 2014 Commonwealth Games.[7]

Aggreko trucks shoreside and Aggreko genset aboard nuclear submarine HMS Trafalgar at the NATO nuclear Z Berth in Southampton Docks, 2009.

In 2012, Aggreko acquired 100% of the operations of Poit Energia, a leading segment in Latin America, thus becoming the largest company in the industry on the continent.[8]

Operations[edit]

Aggreko has offices in most major cities in Western Europe, the United States and Australia, and smaller numbers of locations in Africa, Latin America, the Middle East and Asia. The items hired out include gas and diesel generators, load banks, heaters, air conditioners and chillers. Aggreko equipment is used in a wide variety of settings including film studios, power stations, mines, offshore oil platforms, shipyards, general construction and contracting industries, and high-demand power applications related to emergency response and disaster management. Aggreko's International Projects business operates out of Dubai from where they can ship powerplants - capable of powering entire cities - to anywhere in the world and have the powerplant operational within days of reaching the destination.[9]

References[edit]

  1. ^ a b c "Preliminary Results 2014" (PDF). Aggreko. Retrieved 15 March 2015. 
  2. ^ "Aggreko confirms £48m contracts". The Scotsman. 10 February 2010. Retrieved 19 August 2010. 
  3. ^ a b c "Company History - About Us - Aggreko". aggreko.com. Retrieved 15 March 2015. 
  4. ^ "Aggreko buys GE rentals for £111m". scotsman.com. Retrieved 15 March 2015. 
  5. ^ Aggreko wins Beijing Olympics Power Contract,
  6. ^ Simon Neville. "Power generators Aggreko profit boost thanks to £55m Olympic contract". the Guardian. Retrieved 15 March 2015. 
  7. ^ "Aggreko generate power for 2014 Commonwealth Games". aggreko.co.uk. Retrieved 15 March 2015. 
  8. ^ Aggreko buys Poit Energia in £140m deal BBC, 26 March 2012
  9. ^ "Aggreko wins 5 MW contract in Gujarat". keralamonitor.net. Retrieved 15 March 2015. 

External links[edit]