Aggreko Expands UK Footprint via Strategic Acquisition
CANNOCK, England –Â Aggreko, the world leader in the supply of temporary power and temperature control services has today announced the acquisition of Golden Triangle Generators (GTG), based in Frodsham in the northwest of England. GTG is a leading provider of rental power solutions to customers throughout Merseyside, Cheshire and North Wales.
"During 26 years of operations, GTG has developed a loyal customer base throughout the northwest of England and North Wales. Their reputation for delivering a high-quality product via an experienced and professional team makes GTG a natural fit with Aggreko," commented Dan Ibbetson, Managing Director, Aggreko UK. "GTG maintains very close relationships with its customers and are well known for delivering excellent customer service. They run a high-quality fleet and employ a strong team throughout their operations."
With a substantial fleet of generators and a highly skilled workforce, GTG has established a solid customer base among the utility sector, serve a wide variety of local industries and provide critical power to well-known events and festivals throughout the northwest. With a customer profile closely matching that of Aggreko, the complementary nature of the two companies is very strong.
"Aggreko operates throughout the UK via an established network of 18 service centres. The northwest is an area identified as a key growth area in our development strategy," continued Ibbetson. "The reputation and customer network GTG has built across the region offers Aggreko a solid foundation from which to further develop our business. We will combine the experience, local knowledge and customer relationships of GTG with the global capability and capacity of the world's leading supplier of rental power and temperature control solutions".
Aggreko plc is the world leader in the supply of temporary power and temperature control solutions. Aggreko employs over 6,000 people operating from 202 locations. In 2013 we served customers in about 100 countries, and had revenues of approximately GBP 1.6bn (USD 2.5bn or Euros 1.9bn). Aggreko plc is listed on the London Stock Exchange (AGK.L), is a member of the FTSE-100 index, and is headquartered in Scotland. For more information, please visit the company website at http://www.aggreko.com
Aggreko provides power and temperature control solutions to customers who need them either very quickly, or for a short or indeterminate length of time. Examples would be the supply of power to an industrial site which needs to service its permanent power supply, supplying a whole city in times of power shortage, or providing a major sporting event with power and cooling systems. We serve our customers either through our 202 service centres, which we call the Local business, or globally through our Power Projects business.
In the Local business, which accounts for about half of our revenues, we hire our equipment to customers, who then operate it for themselves, although we retain responsibility for servicing and maintaining it. In the Power Projects business, which also accounts for about half of our revenues, we operate as a power producer. We install and operate power plants and we charge our customers both for providing the generating capacity, and for the electricity we produce. We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.
Recent customers include the 2014 FIFA World Cup Brazil™, the Ryder Cup and Cirque du Soleil and the power utilities in over 50 countries including the UK, France, Ivory Coast, Mozambique, Indonesia, Bangladesh, Argentina, Venezuela, Chile, Brazil and the USA.
In 2013 we fulfilled almost 48,000 customers' assignments and 72% of those who responded to our research gave us a recommendation of 9 or 10 out of 10.
For more information, please visit our local website at: http://www.aggreko.co.uk
Aggreko
CONTACT: Nicholas van Santen, Communications Manager, Aggreko EMEA, T: +971-56682-5978, E: nicholas.vansanten@aggreko.ae
