Aggreko

OE Staff
Sunday, May 27, 2012

Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially up to £21 million more if performance targets for the year to 31 December are met. The two businesses will continue to operate in the marketplace under their own brands until 1Q 2013, when they will merge and operate under the Aggreko name.

Categories: Activity South America

Related Stories

Saipem Secures $1.9B Subsea Work at TotalEnergies’ Suriname Field

SBM Offshore and Technip Energies to Build TotalEnergies’ GranMorgu FPSO

First Steel Cut for ExxonMobil’s Guyana Field-Bound FPSO Jaguar

Current News

Eni Readies Second FLNG for Congo

QatarEnergy Boosts Offshore Stakes in Namibia

Oil Edges to 2-Week High on Ukraine News

EMGS to Conduct CSEM Survey Offshore India

Subscribe for OE Digital E‑News