15:03 | 03.12.2010
Aggreko Acquires Northland Power Services

the global leader in temporary
power and temperature
control, announced today that it has acquired Northland Power
Services (“Northland”), a leading provider of power solutions for the
oil and gas exploration and production market in the Rocky Mountain
region of the United States, for a maximum consideration of $26 million.
Headquartered in Gillette, Wyoming, Northland operates out of three
locations, has over 57 MW of power fleet and has forecast revenues for
2010 of around $12M. The acquisition will take the number of Aggreko
service centers in North America to 53, the number of employees to over

The oil and gas market is a key area of focus for Aggreko, both in North
America and worldwide. In Russia, Asia, the Middle East, the North Sea,
and off-shore Brazil, Aggreko provides specialist power and temperature
control services to this important sector. In North America, Aggreko
serves production and exploration customers in the Gulf of Mexico, Texas
and Louisiana, and in 2008 acquired Power Plus Rentals and Sales in
Alberta, which enabled it to serve the Canadian market. The acquisition
of Northland gives Aggreko a strong presence in a fast-growing part of
the market and one which is important both in terms of giving access to
a new geography and because Northland brings expertise in providing
power to customers developing coal-bed methane and shale oil and gas

“This acquisition combines the strength of two market leaders to give
our oil and gas customers an unparalleled range of equipment and
services options,” said George Walker, President, Aggreko North America.
“It also gives Aggreko an opportunity to further support an important
niche within our U.S. and Canadian oil and gas growth markets.”

Aggreko’s acquisition of Northland will add 24 experienced and skilled
employees. Aggreko’s equipment offering will expand to include more than
350 additional large and well-maintained power generators with the total
fleet ranging from 60 kW to 2000 kW for diesel units and from 65 kW to
1300 kW for natural gas generators.

“We are pleased to join Aggreko’s growth strategy for the regions we
have served since our company’s inception,” said Dwaine Williams, CEO,
Northland Power Services. “Aggreko shares the same passion, can-do
attitude, and commitment to available inventory, equipment reliability
and service excellence that we have built our reputation around.”

Editor’s Notes

Aggreko plc is the world leader in the supply of temporary power and
temperature control solutions. Aggreko employs over 4,000 people
operating from over 144 locations. In 2009 we served customers in about
100 countries, and had revenues of approximately GBP 1.0bn (USD 1.6bn or
Euros 1.1bn). Aggreko plc is listed on the London Stock Exchange
(AGK.L), is a member of the FTSE-100 index, and is headquartered in
Scotland. For more information, please visit the company website at

Aggreko provides power and temperature control solutions to customers
who need them either very quickly, or for a short or indeterminate
length of time. Examples would be the supply of power to an industrial
site which needs to service its permanent power supply, supplying a
whole city in times of power shortage, or providing a major sporting
event with power and cooling systems. We serve our customers either
through our 144 service centers, which we call the Local Business, or
globally through our International Power Projects business.

In the Local
business, which accounts for about half of our revenues, we hire our
equipment to customers, who then operate it for themselves, although we
retain responsibility for servicing and maintaining it. In the International
Power Projects business, which also accounts for about half of our
revenues, we operate as a power producer. We install and operate power
plants and we charge our customers both for providing the generating
capacity, and for the electricity we produce. We design and manufacture
equipment specifically for these requirements in our factory in
Dumbarton, Scotland.

Recent customers include the Beijing
2008 Olympics, the Vancouver
2010 Olympics and the power utilities in over 50 countries including
the UK,
Angola, Kenya,
Indonesia, Bangladesh, Venezuela, Chile,
and the USA.

For more information, please visit the company website at:


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