Aggreko (LON:AGK)

Aggreko (LON:AGK)

Share Price
792.00 p
9 (1.15 %)
Market Cap
£20.29 m
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Aggreko RNS Release

Aggreko awarded Olympic supply contract

RNS Number : 4998K
Aggreko PLC
14 December 2018


14 December 2018

Aggreko plc


Aggreko Events Services Japan Limited awarded the supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games

Aggreko plc, the global leader in the rental of power, heating and cooling, is pleased to announce that its subsidiary Aggreko Events Services Japan Limited ('AESJL') has been awarded the supply contract in the category of 'Temporary Electricity Generation' by The Tokyo Organising Committee of the Olympic and Paralympic Games.

As part of the supply contract AESJL will provide temporary electricity (generation and distribution) systems to support the Tokyo 2020 Olympic and Paralympic Games. AESJL's extended scope of supply includes temporary medium and low voltage power systems across 43 competition venues, the Athletes Village and the International Broadcast Centre, ensuring reliable power for all stakeholders in the venues and uninterrupted television broadcast to millions of viewers.

The value of the supply contract is expected to be in the region of $200m, and reinforces Aggreko's confidence in its ability to achieve its mid-teens ROCE target in 2020.

Aggreko has a proven track record in supporting high profile events including this year's PyeongChang Winter Olympics, Gold Coast Commonwealth Games, European Championships in Glasgow and Ryder Cup in France.

Chris Weston, Chief Executive Officer said: "We are delighted to have secured what is one of the most prestigious event contracts won by Aggreko. Our experienced team will support the Tokyo 2020 Organising Committee to ensure our role in the success of the 2020 Olympic and Paralympic Games is flawlessly delivered."


Investors and analysts

Jill Sherratt, Aggreko                                                                                     +44 7970 142 486


Liz Morley, Stonehaven                                                                                +44 7919 615 222

John Sunnucks, Vico Partners                                                                     +44 7990 003 314


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