Aggreko
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Aggreko is a global supplier of mobile and modular power,
temperature control Temperature control is a process in which change of temperature of a space (and objects collectively there within), or of a substance, is measured or otherwise detected, and the passage of heat energy into or out of the space or substance is ad ...
equipment and energy services, headquartered in
Glasgow Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated popu ...
, Scotland. The business was founded in 1962 and previously listed on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
from 1997 to 2021. Aggreko was acquired by TDR Capital and I Squared Capital in August 2021.


History

Aggreko was founded in
The Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
by Luc Koopmans in 1962. It moved to Scotland in 1973. In 1984, it was acquired by Christian Salvesen plc in 1984, a Scottish transport and logistics company. In 1997, the business demerged from Christian Salvesen and then listed on the London Stock Exchange. In December 2001, its chief executive Chris Masters departed the business. In 2003, it appointed Rupert Soames as its new chief executive who served for 11 years until 2014. Aggreko acquired all the activities, other than those relating to large gas turbines, of General Electric Energy Rentals for around $212m in December 2006. In March 2012, Aggreko acquired 100% of the operations of Poit Energia, a supplier of power generation equipment in Latin America. In 2014, the company announced the departure of its chief executive Rupert Soames. He was replaced by Chris Weston, who took up the position in early 2015. In July 2017, Aggreko announced the £40 million acquisition of battery storage company, Younicos. The acquisition was part of the company’s plans to provide greener sources of electricity, transitioning away from diesel only generators. In 2018, it announced a £33 million innovation programme to develop its next generation of power products. In April 2021, the company agreed to be acquired by Albion Acquisitions Limited, owned by TDR Capital and I Squared Capital, in a transaction valued at £2.3 billion. This marked the business’s delisting on the London Stock Exchange. In November 2021, the company appointed Blair Illingworth as its chief executive. In September 2022, Aggreko launched a new business unit in
North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and th ...
called Aggreko Energy Transition Solutions, which will develop, own and operate clean energy and sustainable infrastructure.


Operations

Aggreko is the world’s largest temporary power company. It has more than 10 gigawatts of power across its fleet globally. The company employs over 6,000 people and operates across the world in more than 200 locations in 80 countries and has offices in every continent.  The business supplies short-term temporary power to a range of customers predominately across developed countries and longer-term power projects predominantly in emerging markets. Aggreko supplies to businesses, large events, music festivals, sporting events, industrial sites, and mines. The items hired out include gas and diesel generators, load banks, heaters,
air conditioners Air conditioning, often abbreviated as A/C or AC, is the process of removing heat from an enclosed space to achieve a more comfortable interior environment (sometimes referred to as 'comfort cooling') and in some cases also strictly controlling ...
and
chillers A chiller is a machine that removes heat from a liquid coolant via a vapor-compression, adsorption refrigeration, or absorption refrigeration cycles. This liquid can then be circulated through a heat exchanger to cool equipment, or another proc ...
. Aggreko offers several greener and cleaner HVO and solar powered generators and hybrid batteries that emit less emissions. Aggreko has supplied power to some of the world’s biggest sporting events, including the
Ryder Cup The Ryder Cup is a biennial men's golf competition between teams from Europe and the United States. The competition is contested every two years with the venue alternating between courses in the United States and Europe. The Ryder Cup is named af ...
, the
FIFA World Cup The FIFA World Cup, often simply called the World Cup, is an international association football competition contested by the senior men's national teams of the members of the ' ( FIFA), the sport's global governing body. The tournament has ...
, Formula E motor racing and SailGP. In 2008, it became the sole supplier of temporary power and temperature controls for the Beijing 2008 Olympic Games in
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
. In 2010, the firm provided the power for the FIFA World Cup in
South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...
. In August 2012, it was the sole supplier for temporary power for the
London 2012 Olympic Games The 2012 Summer Olympics (officially the Games of the XXX Olympiad and also known as London 2012) was an international multi-sport event held from 27 July to 12 August 2012 in London, England, United Kingdom. The first event, the ...
. It was also the provider of temporary power for the Glasgow 2014 Commonwealth Games. It supplied air conditioning and power for the
2017 WNBA Finals The 2017 WNBA Finals was the best-of-five championship series for the 2017 season of the Women's National Basketball Association (WNBA), tipping off on September 24.Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...
,
Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...
, providing power to over 40 competition venues, the international broadcast centre and the athletes’ village in a contract worth £230 million. In 2022, the company supplied temporary power to the COP26 Conference in Glasgow, Scotland, and the
Commonwealth Games The Commonwealth Games, often referred to as the Friendly Games or simply the Comm Games, are a quadrennial international multi-sport event among athletes from the Commonwealth of Nations. The event was first held in 1930, and, with the ex ...
in
Birmingham Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the We ...
, UK. The company also signed up to the Commonwealth Games Social Charter and appointed a social value head to organise their community outreach programme in the Birmingham area. As well as sporting events, Aggreko supplies power to support the National Grid in
Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana t ...
, 26 villages in the Amazon and 20,000 solar panels at the Granny Smith Goldmine in the Australian outback. Aggreko’s chief executive is Blair Illingworth. Its Board is chaired by Mike Smith.


References


External links

* – official site * {{Authority control 1962 establishments in the Netherlands 1973 establishments in Scotland Companies based in Glasgow Business services companies established in 1962 Business services companies of Scotland Construction equipment rental companies of the United Kingdom Electric power companies of Scotland Dutch companies established in 1962 British companies established in 1973 2021 mergers and acquisitions