Aggreko, the global leader in temporary power and temperature control systems, has been awarded the European Rental Company of the Year (10 depots or more) at the European Rental Association’s (ERA) annual convention in Manchester. Organised by International Rental News and the European Rental Association, the awards are designed to celebrate excellence in rental and were presented before an audience of 250 European rental executives and ERA members.
The judges praised Aggreko’s continuing success in a challenging business environment: “The award for Aggreko recognises its great performance during a year in which trading conditions started to deteriorate significantly. As well as growing its business in Europe and winning prestigious rental contracts such as the Euro 2008 tournament, the company continues to grow internationally and strengthen its position as the world’s leading power and temperature control renter.”
Hendrik Jan Molenaar, Director of Business Development, and Nicolas Jung, Sales and Marketing Manager Continental Europe, accepted the award of behalf of Aggreko Plc. “We are very proud of the recognition we have received today from the ERA,” said Hendrik Jan Molenaar. “It is great to see that our increased customer focus and push towards operational excellence is making the difference not only in the temporary power generation and temperature control businesses but also among our peers in the rental industry.”
In 2008, while other rental companies were struggling to adapt to changing market conditions, UK-based Aggreko managed to maintain its growth, increase its profits, expand its global footprint and win many of the major power and temperature contracts of the year, including the Beijing Olympics (140MW of power), the European football championships and the US SuperBowl.
During the year Aggreko also won the contract for the 2010 Vancouver Winter Olympic Games, and is now operating on the site of the 2012 London Olympic Games. Despite the recession, Aggreko's 2008 revenue in Europe rose by 11 per cent with trading profits up 20 per cent. The company continued to invest in both its fleet and in its manufacturing facilities. Fleet investment in 2008 was £260 million and the company announced in October that it will invest £20 million in a new generator production facility in Scotland close to its Glasgow headquarters.