Trimble Acquires HHK Datentechnik GmbH in Germany to Localize Software Applications
Sunnyvale, Calif.-based Trimble last week announced that it acquired privately held HHK Datentechnik GmbH of Braunschweig, Germany, a provider of customized office and field software solutions for the cadastral survey market in Germany. Financial terms were not disclosed....
Terex to Acquire A.S.V., Inc., Maker of Compact Track Loaders
Terex Corp. last week announced that it has reached a definitive agreement to acquire A.S.V. Inc. through a tender offer followed by a merger. Headquartered in Grand Rapids, Minn., ASV manufactures compact rubber track loaders and related accessories, undercarriages and traction products. The transaction is valued at approximately $488 million, or $18 per fully diluted share of ASV common stock, and is subject to the valid tender of a majority of ASV’s fully diluted common shares, regulatory approvals and other customary conditions. Terex expects the transaction to close by the end of the first quarter of 2008....
Volvo CE Acquires Mathews Machinery in California
Asheville, N.C.-based Volvo Construction Equipment last week announced its acquisition of Mathews Machinery, its dealer for the state of California, in a move designed to combine the strengths of both companies to increase the effectiveness of the Volvo construction equipment distribution system in the state....
United Rentals Names Fahey Vice President – Controller
United Rentals last week named John Fahey vice president – controller, effective immediately. Fahey joined United in 2005 as vice president – assistant corporate controller. ...
Trico Achieves Full Year Accident Free
The employees of Trico Lift, a full-service aerial rental and sales company based in Millville, N.J., worked safely through 2007 without a lost-time accident or recordable incident. Trico, with nearly 100 employees, has one of the largest privately owned fleets in North America....
Arkansas Rental Center Opens
A new equipment rental business opened last week in Mountain Home, Ark., according online news reports. Summit Equipment Rental, owned by Allen Vostatek, will rent Bobcat, Kubota, Barretto and FCC power equipment, as well as light construction items such as concrete saws, pole saws, hydraulic breakers and augers, lawn mowers and pressure washers. ...
Vantage Equipment Assumes Volvo Road Machinery Sales & Marketing in New York
Vantage Equipment LLC, the authorized Volvo Construction Equipment dealer in New York, last week announced an agreement with Volvo CE to assume the sales and marketing of Volvo road machinery products effective Jan. 1....
Textron Financial to Partner With Stone, Names Faino President of Vendor Finance Division
Textron Financial Corp. last week announced a new financing partnership with Stone Construction Equipment, establishing the company as Stone’s financing provider for its construction equipment. Textron Financial will offer full-service equipment financing to all Stone customers. The suite of services includes a retail lease and loan program for Stone’s end-user customers, provided by Textron’s new Vendor Finance Division, and a wholesale floor plan program for its dealer network....
Hayles Sales to Represent MEC in Texas, Southeast
MEC Aerial Work Platforms has named Ray Hayles MFG Sales as its new sales representative in Texas and the Southeast....
Ritchie Bros. to Hold Jackson Auction
Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, will conduct its first unreserved auction of 2008 in Jackson, Miss., Jan. 29. The auction will feature equipment from Puckett Machinery Co., Addison Construction Inc., and other owners....
Lew Hudson Sales To Represent The Grun Company
Effective immediately, Lew Hudson Sales, a manufacturers’ representative of construction equipment and supplies, will represent The Grun Company in an exclusive territory including the states of Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah and Wyoming....
Deutz Corp. Selects SmartEquip for Aftermarket Support
Deutz, which designs and manufactures diesel engines, has selected SmartEquip to streamline the company’s aftermarket support for its North American distributors and customers....
New Joint Venture Rental Company Formed in United Arab Emirates
Abu Dhabi, United Arab Emirates-based Caterpillar dealer Mohammed Abdulrahman Al Bahar (MAB) has formed a joint venture rental company with Saheed Matar Saeed Hamr Ain Al Mehair. The new joint venture company, Gulf Union Equipment Rental Co. is owned 51 percent by Al Mehair and 49 percent by MAB. ...
Senior Vice President to Leave Cramo
Magnus Rosen, senior vice president of the Cramo Group, will leave the Helsinki, Finland-based rental company for a leading position in another industry. Rosen will remain with Cramo until July, the company said. Rosen has been responsible for Cramo’s rental operations in Sweden since he joined the company in 1997....
Terex To Manufacture Scissorlifts In Coventry, U.K.
Terex Aerial Work Platforms and Terex Construction, two business segments of the Terex Corp., last week announced their partnership in Coventry, England, to manufacture Genie scissorlifts. The two business units will share resources, working out of one facility to take advantage of existing plant space and available manpower. The combined effort offers greater operational efficiency than could be obtained by operating two facilities and provides Terex AWP a facility closer to its customers in the robust European market for aerial work platforms. ...
United Rentals Issues Upbeat Earnings Guidance
United Rentals last week issued 2008 preliminary guidance higher than Wall Street expectations, leading to an 11.3-percent rise to $18.45 in after-hours trading Thursday. Improved management of the rental fleet and cost savings may generate profit of $2.80 to $3 per share in 2008, the company said, even though it expects total 2008 revenue to drop to about $3.53 billion, compared with forecasted revenue of $3.73 billion for 2007....
Genie Industries Acquires Phoenix Equipment Company
Genie Industries last week announced it has acquired the assets of Phoenix Equipment Co., a Waco, Texas-based company specializing in the refurbishment of aerial work platform equipment. This acquisition is key to Genie’s strategy of continuing growth and delivering value-added services for customers. ...
Appeals Court Overturns Lower Court Ruling in Skyjack Liability Case
A federal appeals court last week overturned a lower court’s summary judgment in favor of Skyjack Inc. in a product liability lawsuit, ruling that the trial court misinterpreted Missouri law and the United States Supreme Court’s guidance on expert witnesses, according to a report in businessinsurance.com....
SmartEquip to Provide Technology Solution to VT LeeBoy
VT LeeBoy, a manufacturer of road construction equipment, last week announced it has selected SmartEquip to enhance its aftermarket product support. SmartEquip technology will enhance product support and improve equipment uptime on critical projects such as road construction. ...
Garden State Bobcat Partners with The Grun Company in New Jersey
Garden State Bobcat last week signed up as the exclusive authorized Grun dealer in the state of New Jersey. ...
U.K.’s Speedy Acquires Amec’s Rental Business
United Kingdom’s largest tool rental company continued its acquisition spree last week with the purchase of the tool and acquisition hire business and fixed assets of Amec Logistics and Support Service Ltd. Amex LSS provides tools, lifting equipment, general industrial and construction rental, temporary accommodation units and surveying equipment....
Expanding Ramirent Acquires Slovak Rental Company
Helsinki, Finland-based rental giant Ramirent last week acquired OTS Bratislava, spol.sr.o., a leading provider of rental services for Slovak construction companies. The company employs 135 people and is expected to generate sales of more than €10 million (about U.S. $14.8 million) in 2008....
Haulotte Group Sells its French Rental Activity to the Loxam Group
Aerial equipment maker Haulotte Group last week announced it sold its French rental activity to the Loxam group. The sale includes Lev and Royans Levage companies, which operate about 2,000 machines distributed throughout 25 branches. The companies contributed slightly more than € 30 million (about U.S. $44 million) in revenues to Haulotte Group in 2007....
JLG’s Expansion Program in Australia and New Zealand Well Advanced
Less than a year after joining JLG Industries as general manager, Australia and New Zealand, Andrew Satterley has the access equipment company’s major expansion and improvement program well advanced. Excited by the infrastructure changes that have been implemented, Satterley points to the renewed passion and commitment of the JLG staff that has made all the difference in the expansion process....
Rental People Optimistic on ’08, Survey Shows
More than 65 percent of rental company respondents to an RER poll conducted in November said they expected rental volume to grow in 2008 compared with 2007, according to RER’s research department. With 34.2 percent predicting a 1- to 5-percent increase, 28.6 percent up 6 to 10 percent, and 3 percent up more than 10 percent, the sense of optimism among rental company owners and managers remains strong....
Previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | 101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | Next
