Lavendon Acquires Rise Hire
Lavendon Group, a high-reach equipment rental specialist based in Lutterworth, Leicestershire, England, last week announced it bought Cambridgeshire-based Rise Hire for £1.1m cash (about U.S. $2.2 million). The acquisition will enter Lavendon into the van-mounted powered access market. ...
Wacker Plans Springtime IPO in Germany
Wacker Construction Equipment AG is planning an initial public offering of its stock on the Frankfurt Stock Exchange this spring. Wacker said the IPO proceeds will be channeled predominantly into expanding its rental business in Central Europe and increasing production capacity in the compact equipment sector....
London Calling: A-Plant Prepares for ’12 Olympics
British rental company A-Plant has restructured its branch network in and around London in preparation for construction work on 2012 Olympics venues....
Vp’s Hire Station Acquires Cool Customers
United Kingdom rental company Vp PLC said its tool and safety equipment rental business Hire Station has acquired Cool Customers Ltd and its holding company for about 1 million pounds (about U.S. $2 million). ...
New Zealand’s Hirepool Adds Senior Managers
Hirepool Ltd., New Zealand’s largest rental company, recently named John Gibson and Eli McCowatt business relationship managers. Gibson is a 26-year veteran of the hire equipment industry, having worked with McEwen’s Hire, Hirequip and Projex....
U.K. Building Supplier Travis Perkins Adds Compact Excavators to Rental Fleet
Travis Perkins, a leading supplier to the United Kingdom building and construction industry with a growing rental program, last week signed a 5 million pound (about U.S. $10 million) contract with JCB to add 500 compact and micro excavators to its rental fleet....
Australian Kennards Hire Establishes Events Division
Kennards Hire, one of Australia’s largest equipment rental companies, has formed Kennards Events, targeting the entertainment needs of the corporate sector and large sporting and social organizations....
Harsco Division to Handle Formwork in Polish Arena
Worldwide industrial services company Harsco Corp. last week said its Huennebeck Group division has been awarded new rental formwork orders valued at up to $4.6 million to support the construction of a new sports and entertainment arena in Poland, as Harsco’s Access Services business group continues to increase its presence in key growth sectors of the Eastern Europe construction and infrastructure market. ...
Speedy Hire’s Equipment Division Up 58%
British rental chain Speedy Hire said last week that revenues rose 34 percent in the first 11 months of its fiscal year. Its equipment division, boosted by acquisitions, has jumped revenue 58 percent....
Hewden Employs Mobile Phone Security Token
Hewden, the United Kingdom’s largest rental company, last week announced it will use a mobile phone security token system to protect its corporate systems when data is accessed remotely....
A-Plant Donates Equipment to Aid Rwanda Orphans
Leading British rental company A-Plant has joined forces with WH Malcolm Construction Services, a major U.K. contractor, and several of A-Plant’s suppliers, to help hundreds of orphans in Rwanda who are looking to develop skills to support their families....
Quipo Raises $34.5 Million in Private Equity
Quipo Infrastructure Equipment Limited, or Quipo, India’s largest rental company, last week said it raised U.S. $34.5 million in equity from IDFC Private Equity Fund. HSBC Securities Group and Capital Markets (India) Private Investments assisted the transaction. ...
Cramo Sells Dutch Division
Helsinki, Finland-based rental company Cramo last week said it has agreed to sell Cramo Nederland BV, its Dutch machinery and rental unit, to Jaston Groep. Terms of the transaction were not disclosed....
Harsco Takes on Dubai Airport Contract
The SGB access services division of Harsco Corp. was awarded a $5.5 million contract to provide formwork equipment and services during Phase 1 construction of Dubai’s Jebel Ali Airport project....
France’s Loxam Acquires Major Competitor Laho
France’s largest equipment rental company Loxam earlier this month acquired France’s third-largest rental company Laho Equipment from Barclays Private Equity. Laho has 119 branches and annual rental volume of EUR 124 million (about U.S. $165 million). ...
Cramo Buys Northern Sweden Rental Company
Cramo Sverige, the Swedish wholly owned subsidiary of Cramo plc last week acquired the entire share capital of Goby AB, a rental services company based in Sundsvall, in northern Sweden....
Australian Aerial Company Makes Acquisition
Force Corp., Australia’s largest privately owned access rental company, recently paid AU $10 million (about U.S. $8 million) to acquire the business assets of All Star Access. The purchase is the Brisbane-based Force Corp.’s fourth acquisition in the past 12 months....
Volvo to Invest $160 Million in Component Division in Eskilstuna, Sweden
Over the next three years, Volvo Construction Equipment last week said it will invest nearly SEK 1.1 billion (about U.S. $160 million) in its Component Division in Eskilstuna, Sweden. Work will begin in the spring. The money will be spent in extending the factory, new machine equipment, a production and assembly concept and cross-functional working methods....
Cramo’s Pro-Forma Operating Profit Rises 87 Percent
Cramo Plc, an 11-country, 250-location rental company based in Helsinki, Finland, last week announced 2006 operating profit of EUR 68.6 million (about U.S. $90.3 million), an 87-percent increase from the previous year’s pro forma operating profit of EUR $36.5 million (about U.S. $48.1 million)....
Hero Products Expands Internationally
Paint-spray systems manufacturer Hero Products Group last week announced the acquisition of ECS Color Systems and ECS Color Solutions of Mumbai, India. The acquisition gives Hero a base for the economic production, development and distribution of its range of mixing and dispensing machines for global distribution....
Atlas Copco Completes Rodcraft Acquisition
Stockholm, Sweden-based Atlas Copco Holding GmbH completed the acquisition of Rodcraft Beteiligungsgesellschaft mbH, Mülheim an der Ruhr, Germany, and all its subsidiary companies. The Rodcraft Group of companies has annual revenues of approximately MSEK 208 (about U.S. $29.6 million) and 78 employees in 2006. ...
Cummins Buys Remaining Ownership Stake in Tata Holset Limited
Cummins Inc. last week announced that it acquired the remaining equity ownership in Tata Holset Limited from the Tata Group of companies. Cummins’ subsidiary, Cummins Turbo Technologies, and the Tata Group have manufactured turbochargers through a 50/50 joint venture agreement since 1994....
Sandvik Acquires Manufacturer of Drilling/Bolting Machines
Sweden-based Sandvik last week reached an agreement to acquire Hydramatic Engineering Pty Ltd. ...
ConExpo Asia 2007 Surpasses ’06 Exhibit Space
Exhibit space for ConExpo Asia 2007 has already surpassed the size of the 2006 show’s exhibit space. As of mid-February, exhibit space sales topped 39,000 square meters, more than 24 percent greater than the size of the 2006 show. ...
Australian Access Company Reports Strong Fiscal First Half
Melbourne, Australia-based crane and aerial work platform specialist Boom Logistics reported a 25 percent profit increase for its fiscal first half year ended Dec. 31. The company reported a net profit of AU$19.6 million (about U.S. $15.5 million). Earnings before interest and tax was AU$33.8 million (about U.S. $26.7 million), up from the previous corresponding period’s AU $26.2 million....
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