Global Leader Brings Experience And Expertise to Canadian Market
HOUSTON and EDMONTON, Alberta, Aug. 19 /CNW/ -- 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
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.
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
For further information:
For further information: Tricia Coghlan of Richards|Carlberg,
+1-713-964-3606, firstname.lastname@example.org, for Aggreko; or Amy
Stine of Aggreko, LLC, +1-281-985-8286, email@example.com; or Simon Lyons
of Aggreko Plc, +44-141-2255900, simon.lyons AT aggreko.co.uk Web Site: