Aggreko was founded in The Netherlands by Luc Koopmans in 1962.[5] It moved to Scotland in 1973.[5] In 1984, it was acquired by Christian Salvesen plc in 1984, a Scottish transport and logistics company.[5][8]
In 1997, the business demerged from Christian Salvesen and then listed on the London Stock Exchange.[8][9]
In December 2001, its chief executive Chris Masters departed the business.[10][11] In 2003, it appointed Rupert Soames as its new chief executive who served for 11 years until 2014.[12][13]
Aggreko acquired all the activities, other than those relating to large gas turbines, of General Electric Energy Rentals for around $212m in December 2006.[14][15]
In March 2012, Aggreko acquired 100% of the operations of Poit Energia, a supplier of power generation equipment in Latin America.[16]
In 2014, the company announced the departure of its chief executive Rupert Soames.[13] He was replaced by Chris Weston, who took up the position in early 2015.[17]
In July 2017, Aggreko announced the £40 million acquisition of battery storage company, Younicos.[18] The acquisition was part of the company's plans to provide greener sources of electricity, transitioning away from diesel only generators.[18]
In 2018, it announced a £33 million innovation programme to develop its next generation of power products.[19]
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.[20] This marked the business's delisting on the London Stock Exchange.[20]
In November 2021, the company appointed Blair Illingworth as its chief executive.[21][22]
In September 2022, Aggreko launched a new business unit in North America called Aggreko Energy Transition Solutions, which will develop, own and operate clean energy and sustainable infrastructure.[23]
Aggreko trucks shoreside and Aggreko genset aboard nuclear submarine HMS Trafalgar at the NATO nuclear Z Berth in Southampton Docks, December 2008.
Operations
Aggreko rental chiller (2015)
Aggreko is the world's largest temporary power company.[6][24] It has more than 10 gigawatts of power across its fleet globally.[25] 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.[3][26][27]
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.[3]
Aggreko supplies to businesses, large events, music festivals, sporting events, industrial sites, and mines.[3] The items hired out include gas and diesel generators, load banks, heaters, air conditioners and chillers.[27] Aggreko offers several greener and cleaner HVO and solar powered generators and hybrid batteries that emit less emissions.[28]
In 2021, the company supplied temporary power to the Olympic Games in Tokyo, Japan, providing power to over 40 competition venues, the international broadcast centre and the athletes’ village in a contract worth £230 million.[34]
In 2022, the company supplied temporary power to the COP26 Conference in Glasgow, Scotland, and the Commonwealth Games in Birmingham, UK.[35][36] 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.[37]
As well as sporting events, Aggreko supplies power to support the National Grid in Burkina Faso, 26 villages in the Amazon and 20,000 solar panels at the Granny Smith Goldmine in the Australian outback.[38][39][40]
Aggreko's chief executive is Blair Illingworth.[22] Its Board is chaired by Mike Smith.[22]
Companies with headquarters and/or registered office in the UK but no applicable energy operations within the country shown in italics1Ultimate parent company is not UK-based 2Integrated in the United States, no generation or supply activities in the UK
£1,365 million (2020)[1]
