Mobil in Time Group gets bought by Aggreko

Aggreko Acquires Mobil in Time Group, Expanding Service Portfolio

In a strategic move, the British company Aggreko has announced the acquisition of the Mobil in Time group. This acquisition, significant for both companies, will not change the day-to-day operations for customers, employees, or locations of the Mobil in Time group.

The Mobil in Time group, operating at 19 locations spread across Switzerland, Germany, and Austria, specializes in temporary heating, cooling, building heating, and water damage restoration services. With this acquisition, Aggreko strengthens its expertise in mobile energy solutions and expands its service portfolio to include water damage restoration services.

Aggreko, a company that specializes in renting energy solutions, now owns the Mobil in Time group, which employs approximately 200 people. The terms of the acquisition, such as the price and date, have not been disclosed.

Robert Wells, President Europe and Events at Aggreko, made a statement about the acquisition, saying, "This acquisition is a significant milestone in Aggreko's growth and expansion strategy in Europe. The Mobil in Time group's areas of expertise will complement our own, providing us with a strong platform for future growth."

For Mobil in Time group, the acquisition provides them with resources from a larger company, offering new opportunities for growth and development. The acquisition may impact the market for temporary heating, cooling, building heating, and water damage restoration services, as Aggreko's expanded offerings could lead to increased competition.

The Mobil in Time group was previously owned by Verium, an independent multi-family office based in Zurich. The acquisition is not specified as a merger or partnership, but rather an acquisition.

This acquisition is a significant move for Aggreko as it expands their service offerings and strengthens their position in the European market. The company continues to focus on delivering innovative energy solutions to their customers, and this acquisition is another step in that direction.