AGGREKO enhances Canadian presence with Acquisition of Power
Plus Rentals and Sales
Global Leader Brings Experience And Expertise to Canadian
Market
HOUSTON (19 August 2008) – Aggreko, the global leader in
temporary power, temperature control, and oil-free compressed air
solutions, announced today that it has strengthened its Canadian
presence by acquiring all the assets of Power Plus Rental and Sales
(Power Plus). Power Plus is a highly regarded rental power
specialist in Alberta
Aggreko has a long history with major oil and gas operations all
over the world, having served as a specialist in Dubai, the UK,
South America, and the Gulf of Mexico region of the US. “The
combination of our background in the oil and gas industry and the
increased demand for services like ours in the oil sands of Canada
makes this a promising market for Aggreko,” said George Walker,
President of Aggreko North America. Aggreko’s Canada Business Unit
also has service centers in Sarnia, Toronto and Edmonton.
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.
“Aggreko recognizes that Power Plus is a leader in service and
support for its industry. We believe it makes solid business sense
for us to come together to build an even stronger local brand with
substantial global expertise behind it,” said George Walker.
“Together under the Aggreko name, we will have more people and
resources to provide superior service and support in the oil and
gas sector in Western Canada and possibly beyond.”
This transition will bring 34 experienced and skilled Power Plus
employees into Aggreko’s Western Canada business, including 22
technicians. David Lassu, the proprietor of the Power Plus
business, has agreed to work with Aggreko as a consultant over the
next two years.
“There is huge opportunity in Western Canada that requires
significant investment in fleet, people and infrastructure. Aggreko
is a global company with the financial resources to make these
investments. And Aggreko, with its customer and employee focus, is
the best fit for this business I started 6 ½ years ago,” said
Lassu. “Our business practices of reliable, personalized local
service are very similar, which will make the customers confident
with the transition and service. I couldn’t be more pleased with
this arrangement.”
The expansion supports Aggreko’s strategy of growing its core
business in rental power and temperature control to serve Western
Canada. In May 2008, Aggreko was announced as the Official Supplier
of Power and Temperature Control for The Vancouver 2010 Olympic and
Paralympic Winter Games.
About Aggreko
Aggreko plc is the global leader in the rental
of power, temperature control and oil-free compressed air systems.
We help customers in many different industries to improve and
safeguard their operations by solving problems, creating
opportunities and reducing risk. Aggreko provides 24/7 availability
and service support with approximately 3000 employees operating
from over 120 locations in 31 countries. In 2007 we served
customers in 100 countries, and had revenues of approximately $1b.
Aggreko plc is listed on the London Stock Exchange (AGK.L) and
headquartered in Scotland. For more information, please access the
company website at
www.aggreko.com/northamerica.