Verium has sold Mobil in Time Group to Aggreko

Mobil in Time Group

Mobil in Time Group (MiT) is a leading provider of mobile energy rental solutions and water damage restoration (WDR) services across Switzerland and Germany. Its comprehensive offering features an extensive portfolio of rental equipment, including heating and cooling systems, leak detection services, drying and dehumidification solutions, as well as a range of value-added services. Renowned for its strong market reputation and deep technical expertise, MiT consistently provides exceptionally reliable services to a diverse customer base and across a wide range of industries, supporting both planned and emergency use cases. During Verium’s holding period, MiT achieved a remarkable organic and inorganic growth trajectory and established itself as a leader in its field and markets.

The Deal

Lincoln International has advised the shareholders of MiT in its sale to Aggreko. Following a structured process with high engagement of both strategic and financial investors, Verium and the MiT management team have found the ideal strategic partner in Aggreko. As a global leader in modular power, temperature control and energy solutions, Aggreko brings the scale and expertise to support MiT’s continued growth. Through the acquisition of MiT, Aggreko expands its geographic footprint into Switzerland while strengthening its portfolio in heating and cooling mobile energy solutions. This partnership opens new opportunities for both companies and marks an exciting new chapter for the teams at MiT and Aggreko.

Our Perspective

Øyvind Bjordal, Lincoln International Managing Director and head of Switzerland who led the transaction, commented, “We continue to see strong interest from both financial and strategic buyers in resilient asset-backed service businesses, particularly in today’s challenging macroeconomic environment. The sale of MiT to Aggreko illustrates how strategic acquirers are using mergers and acquisitions to expand into new geographies and enhance their service portfolios. We are proud to play a leading role in this ongoing consolidation trend, once again bringing together two market leaders in their respective fields.”

Verium

Verium is an independent, Zurich-based multi-family office dedicated to entrepreneurs, families and investors.

“The strong and broad level of interest in this deal underscores the attractiveness of Mobil in Time Group’s track record and market position, and we’re delighted to have secured the right home in Aggreko for Mobil in Time Group’s further ambitious plans. In realizing this successful exit, we thank Lincoln for their excellent advice and support during a well-managed process—their dedication and hands-on partnership approach made all the difference,” said George Merk, Partner in Direct Investments at Verium.

Aggreko

Aggreko is a global leader in energy solutions, providing rapidly deployable, modular power and temperature control solutions for however long they’re needed. Founded in 1962, they are headquartered in the UK and employ over 6,800 worldwide. Aggreko is a highly skilled sector specialist, bringing together proprietary application know-how and engineering capability to deliver efficient, reliable and sustainable energy solutions. Experienced in working in the most demanding environments, they support customers providing emergency critical services to longer-term energy solutions. Aggreko continually invests and develops more sustainable products, fuels and services to make greener solutions accessible to customers, helping them wherever they are on their energy transition journey.

Robert Wells, Aggreko President, Europe and Events, commented, “I’m delighted to welcome the team from Mobil in Time Group to Aggreko. This acquisition supports our growth and expansion across Europe, strengthening our capability in temperature control solutions and providing customers with water damage and remediation services in Switzerland, Germany and Austria.”

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