Shares in the firm jumped 1.1 per cent on the news this afternoon. The bid by Albion Acquisitions, a newly formed company owned by funds managed by I Squared Capital and TDR Capital, comes at an opportune time. The UK rental provider has been hit hard by the pandemic as demand for loading tools and rental power equipment nosedived. Aggreko’s annual profit plunged 50 per cent and nearly a quarter of its market value vanished. The company has contracts to supply power to large events like the Olympic Games in Tokyo, which organisers say will go ahead this summer despite the pandemic, and Glastonbury Festival which has been cancelled for the second year in a row.