Aggreko acquires 21.5% stake in Shanghai Yude for power rental JV

Aggreko has acquired a 21.5% stake in Shanghai Yude, a Chinese power rental company, to form a joint venture named Shanghai Yude Aggreko Energy Equipment Rental Co Ltd. The deal is part of Aggreko's long-term strategy to expand in China.

“Aggreko said the acquisition is part of its long term strategy to expand in China with a local partner.”powerprogress.com

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• powerprogress.comAggreko in Chinese Power JV - Power ProgressMike OsengaFeb 6, 2018

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