UK Temporary Generation Specialist Expands in Brazil

UK Temporary Generation Specialist Expands in Brazil

Brazil Europe M&A

UK temporary power generation company Aggreko has agreed to pay BRL404m ($223m)in cash for Companhia Brasileira de Locacoes, or Poit Energia, a temporary power company in Brazil. The deal expands Agrekko’s existing presence in LatAm and involves an earn-out payment of up to BRL60m to be paid if the company meets performance targets for the end of 2012, Aggreko says. Aggreko plans to finance the acquisition by tapping its existing debt facilities. Officials at Aggreko and at Poit Energia could no

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