Aggreko has delisted from the London Stock Exchange following its £2.3bn acquisition by private equity firms TDR Capital and I Squared Capital.
The Glasgow-headquartered temporary power company returned to private ownership and cancelled trading of its shares earlier this week.
The company had a volatile trading period over the last decade, with its share price peaking at £24 in 2012, before slumping to just £6 before the takeover approach was announced this February.
Aggreko blamed coronavirus, low oil prices and the acceleration toward lower carbon technologies for a recent 15% drop in revenue to £1.4bn.
The new owners said they have “no intention of making any material changes to the conditions of employment or the balance of skills and functions of the Aggreko Group’s employees or management”.
The group employs around 6,000 people in total, with 300 based at Lomondgate in Dumbarton.
Aggreko is the latest of several Scottish companies to delist from the stock exchange following a takeover, joining the likes of Scottish & Newcastle and Scottish Power in recent years.
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