Temporary power specialist Aggreko has entered into an agreement to acquire the entire share capital of South American fellow traveler Companha Brasileira de Locacoes (‘Poit Energia’) for a cash consideration of £140 million and potentially up to £21 million more if performance targets for the year to 31 December are met. The two businesses will continue to operate in the marketplace under their own brands until 1Q 2013, when they will merge and operate under the Aggreko name.

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