New contracts11 Feb 2014 16:02
The power behind Aggreko was its founders Gordon Toulamain and David Yorke they developed a fantastic culture in the company and a Suberb product fit for all global markets. Salvessen bought them but the founders did the business..
Aggreko were so successful they masked the poor performance of Salvessen so investor pressure caused the float of Aggreko as a stand alone PLC.
Whilst major events give a big boost to earnings , it's the Independent Power Projects (IPP) that brings home the big. Bucks.
Due to Aggreko blowing their trumpet in the financial press in the 90's competitors came along in the name of Caterpillar ,Cummins and GE the latter pulled out due to GREEN Enviromental issues of using diesel. The GE kit was picked up by APR energy and some smaller players.
The outcome is Aggreko now have stif completion on IPP , but due to there MULTI set fleet they are still No1 in major events.
As investors are aware the cash comes in lumps so you need to be switched onto there big deals.