Aggreko wins European Rental Company of the Year
Award
Aggreko, the global leader in temporary power
and temperature control systems, has been awarded the European
Rental Company of the Year (10 depots or more) at the European
Rental Association’s (ERA) annual convention in Manchester, UK.
Organised by International Rental News and the European Rental
Association, the awards are designed to celebrate excellence
in rental and were presented before an audience of 250 European
rental executives and ERA members.
The judges praised Aggreko’s
continuing success in a challenging business environment: “The
award for Aggreko recognises its great performance during a year in
which trading conditions started to deteriorate significantly. As
well as growing its business in Europe and winning prestigious
rental contracts such as the Euro 2008 tournament, the company
continues to grow internationally and strengthen its position as
the world’s leading power and temperature control renter.”
Hendrik Jan Molenaar, Director of
Business Development, and Nicolas Jung, Sales and Marketing
Manager Continental Europe, accepted the
award of behalf of Aggreko Plc. “We are very proud of the
recognition we have received today from the ERA,” said Hendrik Jan
Molenaar. “It is great to see that our increased customer focus and
push towards operational excellence is making the difference not
only in the temporary power generation and temperature control
businesses but also among our peers in the rental industry.”
In 2008, while other rental companies were
struggling to adapt to changing market conditions, UK-based Aggreko
managed to maintain its growth, increase its profits, expand its
global footprint and win many of the major power and temperature
contracts of the year, including the Beijing Olympics (140MW of
power), the European football championships and the US
SuperBowl.
During the year Aggreko also won the contract
for the 2010 Vancouver Winter Olympic Games, and is now operating
on the site of the 2012 London Olympic Games. Despite the
recession, Aggreko's 2008 revenue in Europe rose by 11 per cent
with trading profits up 20 per cent. The company continued to
invest in both its fleet and in its manufacturing facilities. Fleet
investment in 2008 was £260 million and the company announced in
October that it will invest £20 million in a new generator
production facility in Scotland close to its Glasgow
headquarters.