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  • Reuters - UK Focus5 months ago

    Aggreko reviews N.America oil and gas fleet as revenue falls

    Aggreko Plc (Frankfurt: A1XFZR - news) , the world's largest temporary power provider, said it was reviewing the value of its North American fleet of oil and gas rental generators after further weakness in that market dragged down its third-quarter underlying revenue. Aggreko, whose kits power major events and cover electricity shortfalls, has been cutting costs and jobs and reigning in its capital spending to cope with subdued demand and price pressures. The potential writedown comes as Aggreko tries to limit its exposure to the North American oil and gas market, whose weakness has offset gains elsewhere.

  • Reuters - UK Focus6 months ago

    BUZZ-Aggreko: Credit Suisse cuts rating on competition concerns

    ** Temporary power provider Aggreko's shares down 7.5 pct, second-largest losers on the Stoxx 600, after Credit Suisse cuts to "underperform" from "neutral", PT to 740p from 1065p ** ...

  • Business Wire8 months ago

    Aggreko Acquires DRYCO, LLC

    Power generation and HVAC specialty rental company, Aggreko plc, has acquired DRYCO, LLC of Chicago, Illinois for an undisclosed amount. DRYCO was founded in 2000, and specializes in moisture control, drying, heating, and cooling applications within the shipping, manufacturing, food processing, construction, and industrial painting industries. It has 10 full-service locations in North America, and has built a strong customer base in its targeted industries, which complement Aggreko’s growth strategy.