M&A Deal Summary

Aggreko Acquires Cummins Power Rental

On November 24, 2008, Aggreko acquired retailer Cummins Power Rental from Cummins India for 291M INR

Acquisition Highlights
  • This is Aggreko’s 3rd transaction in the Retail sector.
  • This is Aggreko’s 6th largest (disclosed) transaction.
  • This is Aggreko’s 1st transaction in India.

M&A Deal Summary

Date 2008-11-24
Target Cummins Power Rental
Sector Retail
Buyer(s) Aggreko
Sellers(s) Cummins India
Deal Type Divestiture
Deal Value 291M INR

Target

Cummins Power Rental

India
Cummins Power Rental provides energy rental services in india.

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Buyer(S) 1

Buyer

Aggreko

Dumbarton, United Kingdom

Category Company
Founded 1962
Sector Test/Measurement Equipment
Employees6,000
Revenue 1.4B GBP (2020)
DESCRIPTION

Aggreko is a global provider of mobile modular power, temperature control and energy services, including micro grids and remote monitoring, to commercial and industrial customers serving multiple end markets across operations in 80 countries. Aggreko was founded in 1962 and is based in Dumbarton, United Kingdom.


DEAL STATS #
Overall 5 of 16
Sector: Retail M&A 3 of 4
Type: Divestiture M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2008 M&A 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-24 Aggreko’s European OFA rental

United Kingdom

oil-free compressed air (“OFA”) rental business in UK.

Sell €15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-30 Northland Power Services

Gillette, Wyoming, United States

Northland Power Services (“Northland”), a leading provider of power solutions for the oil and gas exploration and production market in the Rocky Mountain region of the United States, for a maximum consideration of $26 million

Buy -

Seller(S) 1

SELLER

Cummins India

Pune, India

Category Company
Founded 1962
Sector Manufacturing
Employees3,025
Revenue 102.2B INR (2025)
DESCRIPTION

Cummins India is a manufacturer and distributor of engines and related technologies, including fuel systems, air handling, filtration, emission solutions and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high performance outlook is based on customer focus, integrity and capability of its people. Cummins India was founded in 1962 and is based in Pune, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2008 M&A 1 of 1