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