Construction News

09/08/2016

Aggreko Strengthens Business With DRYCO Acquisition

Glasgow-based Aggreko has strengthened its business by acquiring industrial climate control specialist DRYCO.

The temporary power supplier purchased the US business as part of expansion plans to "enter additional sectors and global markets".

The move will add over 60 employees as well as more than 6,000 fleet assets to its Rental Solutions division. In addition, Aggreko said it plans to integrate DRYCO's operations into its North America business.

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Chris Weston, Chief Executive, said: "This acquisition combines the deep technical strength of two highly respected market leaders and provides our customers with an unparalleled range of solutions that can address their HVAC and moisture control needs.

"It also gives Aggreko an opportunity to further support our rapidly expanding customer base within the shipping, food & beverage, and painting & coatings industries."

DRYCO is a specialist in moisture control, drying, heating, and cooling applications within the shipping, manufacturing, food processing, construction, and industrial painting industries.

(LM)

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