Glasgow-based mobile power giant Aggreko has announced an expansion in Canada with an agreement for the £18 million acquisition of ICS Group, a provider of temperature control products.
Aggreko said the deal would establish the company in the North American heater market and give access to markets in Calgary and Winnipeg as well as complementing “many of Aggreko’s key sectors including oil & gas, industrial and events.”
Aggreko plans to integrate the operations of ICS with its Western Canada business, before expanding into other areas of North America.
“The acquisition of ICS enhances our temperature control business in North America and gives our customers an unparalleled range of equipment and service options,” said Aggreko chief executive Chris Weston.
“Temperature control products are used extensively in our target sectors and benefit our core business as they generally require associated power.”