In a significant move towards bolstering its position in the renewable energy sector, global energy solutions leader Aggreko has successfully acquired the UK and South African-based businesses of RenEnergy group. RenEnergy is renowned for its innovative solutions in commercial and industrial solar energy generation and storage.
This strategic investment aligns with the prevailing global push for businesses, governments, and individuals to transition towards a greener and cleaner world. Both Aggreko and RenEnergy are committed to playing a leading role in this transformation.
The acquisition marks a crucial step in Aggreko’s ongoing commitment to advancing sustainable energy solutions. RenEnergy, with a strong track record in delivering high-quality renewable energy projects in the United Kingdom and South Africa, is expected to enhance Aggreko’s presence in the renewable energy sector.
The collaboration anticipates synergies between the two entities, allowing them to collectively provide more comprehensive renewable energy solutions to a broader clientele. This move is positioned to support clients through the energy sector’s transition to increased reliance on renewable sources.
RenEnergy will maintain its distinctive brand identity, and the senior leadership teams in the UK and South Africa express enthusiasm about the opportunities arising from this collaboration. Both companies share a common focus on technical expertise, client service, and the dedication of their teams.
Damian Baker, Managing Director of RenEnergy UK, expressed confidence in the partnership, stating, “Aggreko really is the perfect partner for us as our capabilities and growth aspirations complement and strengthen one another. I am confident that our business will continue to thrive under Aggreko’s stewardship.”
Claude Peters, Managing Director of RenEnergy South Africa, emphasized their excitement about the future of the renewable energy industry and the collaborative role they can play with Aggreko in providing more solutions to a wider client base.
Chris Rason, Managing Director of Aggreko Energy Services, highlighted RenEnergy as a well-run business in the growing renewable energy sector. He expressed eagerness to support the management team in achieving their growth ambitions in both the UK and South Africa.
RenEnergy was advised on the transaction by FRP Corporate Finance and Mills & Reeve, while Aggreko received guidance from Deloitte and DLA Piper.
