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Updated: August 28th, 2008 10:18 AM EDT

Power Plus Rentals and Sales Acquired by AGGREKO


Aggreko

HOUSTON, TX - Aggreko announces that it has strengthened its Canadian presence by acquiring all the assets of Power Plus Rental and Sales (Power Plus). Power Plus is a highly regarded rental power specialist in Alberta

Aggreko has a long history with major oil and gas operations all over the world, having served as a specialist in Dubai, the UK, South America, and the Gulf of Mexico region of the US. Aggreko's Canada Business Unit also has service centers in Sarnia, Toronto and Edmonton.

Power Plus provides specialized rental power solutions to businesses in the Athabasca Oil Sands in Alberta and Saskatchewan, where more than $10 billion (Canadian) a year is being invested in the development of the world's second largest oil reserve. This acquisition provides Aggreko with access to skills and experience in designing and operating equipment in extremely cold environments, including remote camp sites, and strengthens its ability to service oil and gas and refining customers.

This transition will bring 34 experienced and skilled Power Plus employees into Aggreko's Western Canada business, including 22 technicians. David Lassu, the proprietor of the Power Plus business, has agreed to work with Aggreko as a consultant over the next two years.

The expansion supports Aggreko's strategy of growing its core business in rental power and temperature control to serve Western Canada. In May 2008, Aggreko was announced as the Official Supplier of Power and Temperature Control for The Vancouver 2010 Olympic and Paralympic Winter Games.

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