M&As this week: Aggreko, Jiangsu Akcome Science & Technology

16 February 2018 (Last Updated February 16th, 2018 09:16)

Aggreko has acquired electrical rental equipment provider A Contact Electric Rentals.

Aggreko has acquired electrical rental equipment provider A Contact Electric Rentals.

Based in the US, Aggreko is a power generation and industrial heating and cooling solutions provider.

A Contact has a product portfolio of I-line panels, switches, transformers and variable frequency drives.

“Generac Holdings has signed an agreement with Enesa Energia and Enesa to acquire Mexico-based diesel generators designer and manufacturer Selmec Equipos Industriales.”

The acquisition will expand Aggreko’s electrical distribution business.

Jiangsu Akcome Science & Technology plans to divest a Japanese solarpower company for approximately CNY862.1m ($7.92m) through its Hong Kong-based subsidiary.

Based in Japan, Jiangsu Akcome is engaged in the manufacturing of photovoltaic (PV) accessories.

Generac Holdings has signed an agreement with Enesa Energia and Enesa to acquire Mexico-based diesel generators designer and manufacturer Selmec Equipos Industriales.

Based in the US, Generac Holdings is engaged in the design and manufacture of generators and other engine-powered products, while Enesa Energia and Enesa are investment holding companies based in Mexico.

The transaction is expected to be closed within three to six months of receiving regulatory approval.