Announced
Completed
Financials
Tags
cooling towers
Acquisition
Friendly
Single Bidder
temporary power
United Kingdom
Multi-Utilities
power generation
temperature control
Majority
Private Equity
Domestic
Completed
Public
Synopsis
Private equity firms I Squared Capital and TDR Capital, completed the acquisition of Aggreko, a supplier of temporary power equipment, for £2.3bn. "The Aggreko Board believes that the offer from I Squared Capital and TDR Capital represents an attractive price in cash that fairly recognises Aggreko's future prospects. We believe that the business, its people and customers will continue to be well supported with I Squared Capital and TDR Capital as shareholders bringing their expertise in energy and rental markets to support our existing strategy," Ken Hanna, Aggreko Chairman. On April 26, 2021, Aggreko's shareholders approved the takeover offer of TDR Capital and I Squared Capital.
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