M&A Deal Summary

Aggreko Acquires GE Energy Rentals

On January 1, 2007, Aggreko acquired energy services and equipment company GE Energy Rentals from General Electric for 212M USD

Acquisition Highlights
  • This is Aggreko’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Aggreko’s 3rd largest (disclosed) transaction.
  • This is Aggreko’s 2nd transaction in the United States.
  • This is Aggreko’s 1st transaction in Georgia.

M&A Deal Summary
Date 2007-01-01
Target GE Energy Rentals
Sector Energy Services and Equipment
Buyer(s) Aggreko
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 212M USD

Target

GE Energy Rentals

Chamblee, Georgia, United States
GE Energy Rentals, with the exception of those relating to large gas turbines, Aggreko increases its global capacity to more than 4,700 megawatts of rental power, including 12,000 generator sets and 2,000 water-cooled and air-cooled chillers for temperature control solutions.

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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 3 of 15
Sector (Energy Services and Equipment) 2 of 4
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 8
Year (2007) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 Yeow Kong Electrical

Singapore

Yeow Kong Electrical Company, based in Singapore, to begin expansion into Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-19 Power Plus Rentals and Sales

Leduc, Alberta, Canada

Power Plus provides specialized rental power solutions to businesses in the Athabasca Oil Sands in Alberta and Saskatchewan, where more than CN$10 billion a year is being invested in the development of the world’s second largest oil reserve. This acquisition provides Aggreko with access to skills and experience in designing and operating equipment in extremely cold environments, including remote camp sites, and strengthens its ability to service oil and gas and refining customers.

Buy -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 12 of 45
Sector (Energy Services and Equipment) 1 of 4
Type (Divestiture) 11 of 38
State (Georgia) 1 of 1
Country (United States) 10 of 35
Year (2007) 1 of 3
Size (of disclosed) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Access Distribution

Westminster, Colorado, United States

Access Distribution is a premier value-added technical distributor of complex computer products, solutions and services,its breadth and depth of service and expertise offers its partners industry-leading support as they take complex computer solutions to market.

Sell $413M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 Terion

Plano, Texas, United States

Terion, Inc. provides wireless location software for tracking and monitoring mobile and remote assets. Terion was formed in 1994 and is based in Plano, Texas.

Buy -
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