Generator Rental Services Limited (GRS), an Auckland-based speciality power rental solutions business, will become part of the Atlas Copco Group later this year (2024).
Announced today (21st August), the acquisition will see GRS become part of the specialty rental division within Atlas Copco’s Power Technique business area.
GRS has 58 employees and generated revenues of €23m in the last fiscal year.
The company provides specialty power and temperature control equipment. Its main customers are within the power utility, general industry, and civil construction.
Andrew Walker, President of Atlas Copco’s Power Technique business, said, “The specialty power rental market is highly technical and regulated market driven by the need for more and more complicated technologies to support the increasing need for electrification in society.”
“With this acquisition of GRS, we both enhance our expertise in this market and establish a growth platform and competence centre for the whole Oceania region.”
The acquisition is expected to close during the third quarter of 2024.
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