Aggreko it is preparing its return to the stock market with an application for an initial public offering in the United States. The electric utility company seeks to list its common shares on the New York Stock Exchange (NYSE) under the symbol AGKO the deal comes as the growth of data centers increases electricity demand and puts investors’ attention on companies linked to energy infrastructure. Aggreko has not yet disclosed how many shares it will offer or the price range for the offering.
Aggreko promotes its initial public offering in New York
The application submitted to the Commission Stock Exchange and Securities the U.S. Securities and Exchange Commission (SEC) has cleared the way for Aggreko to return to the public market. The company was taken private in 2021 by investment firms TDR Capital and I Squared Capital. Goldman Sachs, J.P. Morgan, and BofA Securities will act as joint lead coordinators to manage the offering. Barclays and Morgan Stanley will also participate as placement coordinators. The timing coincides with increased market interest in companies capable of supplying energy to sectors that require large volumes of electricity. Data centers occupy a prominent position in this trend due to the expansion of digital infrastructure and artificial intelligence.
Data centers boost Aggreko’s revenue
Furthermore, the business growth helps explain the increasing importance of this segment for Aggreko. The company’s revenue increased by 28% to approximately $1.92 billion during the six months ending July 4. The company attributed part of this growth to strong demand from data centers and other energy-intensive industries.
In addition, Aggreko recorded a profit of $80 million in continuous operations versus a loss of $196 million during the same period of the previous year. Likewise, data center-related revenues nearly doubled during the fiscal year ending January 3, reaching $391 million.
Electricity demand strengthens the energy business
The growth of the data centers this is creating new needs for electricity generation and supply, this dynamic is especially relevant for companies that can rapidly deploy energy capacity when the existing grid or permanent infrastructure does not meet a project’s needs. Aggreko offers temporary power generation, cooling, and various energy solutions for sectors such as utilities, mining, manufacturing, and data centers. The company also stated that it had $6 billion in guaranteed net income as of July 2026. This portfolio provides greater visibility into the activity planned for the coming years.
Aggreko has more than 17 GW of capacity
Currently, Aggreko maintains operations in more than 80 countries and serves more than 14,000 customers its workforce comprises approximately 8,000 employees. Furthermore, its fleet includes more than 17 gigawatts of capacity, a scale that allows the company to serve projects with high energy needs in different markets.
Thus, Aggreko’s IPO is linked to a scenario of growing electricity demand, the expansion of data centers and other energy-intensive industries could further increase the need for flexible electrical infrastructure as the company prepares for its potential return to the US stock market.
Source: Reuters
Photo: Shutterstock
