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Aggreko Enhances Canadian Presence With Acquisition of Power Plus Rentals and Sales

2008-08-19 07:30:00

      Global Leader Brings Experience And Expertise to Canadian Market



    HOUSTON and EDMONTON, Alberta, Aug. 19 /EMWNews/ --

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 Rentals 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 USA. "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 1/2 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

http://www.aggreko.com/northamerica.





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