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Aggreko

 

Buy Aggreko shares

AGGREKO (AGK) Shares

ABOUT AGGREKO

? Aggreko plc, a modular-, mobile power- and related solutions provider, was founded in 1962 and has its headquarters in Glasgow, Scotland in the United Kingdom. The company is a global supplier of modular, mobile power, cooling, heating and related services.

? The company was founded by Luc Koopman in the Netherlands and moved to Scotland in 1973.

? The company’s product portfolio includes power-generation products, cooling systems, and desiccant and refrigerated dehumidifiers. Other products include indirect-fired heaters, electric heaters and heat exchangers, as well as load banks used to test generators and turbines and related systems. The company also supplies power to government utilities.

? In 2006, Aggreko plc acquired all the activities of General Electric Energy Rentals and became the sole supplier for temporary power and temperature controls for the Beijing 2008 Olympic Games, as well as for the London Olympic Games in August 2012.

? It also supplied a temporary power station, the Aggreko Power Station, to Sri Lanka from October 2003 to December 2012.

? Today, the company employs approximately 3 700 people across its operations.

OVERVIEW OF AGGREKO

  • Aggreko plc conducts its operations through three segments: Power Solutions, Utility and Rental Solutions.
  • The Power Solutions segments offer solutions for a range of power requirements. This segment operates two businesses: utility and industrial.
  • Its industrial business develops solutions and rents equipment to customers in emerging markets.
  • The Utility segment acts as a power provider to emerging markets by installing and operating modular, mobile power plants. Rental Solutions provides power adjacencies such as heating, cooling, oil-free air and load-banks.
  • Aggreko plc serves clients in the petrochemicals, oil- and gas, events, utilities, manufacturing, construction, mining and shipping industries.
  • The company operates offices worldwide in Western Europe, the United States and Australia, as well as in Africa, Latin America, the Middle East and Asia.

VISION & VALUES OF AGGREKO

  • Aggreko plc believes in the positive impact of power and design systems that enhance and transform livelihoods of communities and businesses globally.
  • It utilises its entrepreneurial passion to deliver stellar value and thrives on making great this happen. T
  • he company regards its blend of experience and expertise as a game-changer, and harnesses its diverse skills pool to grow and prosper.
  • These core values embody the company culture and drive business forward which, in turn, adds superior value for shareholders who purchase company stock.

MARKET PERFORMANCE OF AGGREKO

  • Aggreko plc trades on the on the Financial Times Stock Exchange (FTSE350) under the stock symbol “AGK”. It is also a constituent of the FTSE 250 Index.
  • For fiscal 2018, the company recorded revenue of £ 1,760 million, operating income of £ 219 million and net income of £ 125 million.
  • Its strong market performance bodes well for shareholders who buy or sell company shares as they can expect lucrative dividends and returns.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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