# 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.

- Type: Acquisition
- Announced: 2018-02-06
- Where: China
- Status: announced
- Products: power rental equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Aggreko](https://endata.com/companies/10070.md) (acquirer)
- [Shanghai Yude](https://endata.com/companies/29896.md) (target)

## Sources

- [powerprogress.com](https://www.powerprogress.com/news/aggreko-in-chinese-power-jv/5020854.article), 2018-02-06: "Aggreko said the acquisition is part of its long term strategy to expand in China with a local partner."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.