Snorkel Executive Tindale Steps Down to Join U.K. Rental Firm
Richard Tindale is stepping down from his position as global sales and marketing director at aerial lift manufacturer Snorkel. Tindale joined Snorkel parent company Tanfield Group plc in 2006 as it prepared to buy UpRight Powered Access. Tindale has played an integral role in the development of the business during the past six years, including a key role in the transition to the Snorkel brand, the growth of Snorkel’s global distributor network and new product development....
IPAF Announces Updated Italian Safety Standards
International Powered Access Federation this week announced the updated regulations on the safe use of work equipment under Article 73, paragraph 5 of the Italian Health and Safety Act 81/2008. The updates were agreed at the Italian National State/Regions Conference on Feb. 22, and go into force 12 months after publication in the official Italian Gazette....
Caterpillar to Become Sole Owner of Japanese Joint Venture
Caterpillar Inc. and Mitsubishi Heavy Industries last week announced that Caterpillar Japan Ltd. and MHI have agreed to complete a second phase of a share redemption plan in the second quarter of 2012, resulting in Caterpillar becoming the sole owner of CJL. The estimated value of the second phase of the share redemption is 36.5 billion JPY (about U.S. $450 million)....
Caterpillar Japan Acquires Caterpillar Tohoku Ltd.
Caterpillar Inc. last week announced that Caterpillar Japan Ltd. has acquired Caterpillar Tohoku Ltd. With the acquisition, Caterpillar Japan is restructuring its distribution network in Japan....
Lavendon Grows Profit 21 Percent in Full-Year 2011
Equipment rental firm Lavendon Group this week announced operating profit for full-year 2011 increased 21 percent to £30.0 million (about U.S. $47.5 million) from £24.7 million a year ago. Total revenue grew 4 percent to £225.4 million (U.S. $357.2 million) from £217.5 million in 2010. Rental revenues for the year increased 8 percent to £216.9 million (U.S. $343.8 million) from £200.7 million in the same period of 2010....
Volvo CE Launches Limited Edition Excavators at Largest-Ever Customer Event in China
Volvo Construction Equipment held its largest-ever customer event in Sanya, China, coinciding with the launch of its limited edition excavators and the signing of several important agreements. Nearly 3,000 dealers, customers, senior Volvo managers, and Volvo Ocean Race team representatives were invited to the event as an appreciation of Volvo’s ongoing relationship with its Chinese customers....
ComRent Opens Service Distribution Center in Sao Paulo
ComRent, a leading provider of load bank rentals, has opened a service distribution center in Sao Paulo, Brazil, in partnership with Poit Energia, the market leader in rental generators and temporary infrastructure in Latin America. ComRent will service Brazil, Chile and Peru. Its joint venture with Poit Energia provides load-bank rental and maintenance solutions for all power generating equipment used in data centers, utility substations, wind farms and oil and gas refineries....
Speedy Hire Extends Preferred Supplier Agreement with Carillion
Speedy Hire this week signed a three-year extension to its existing preferred supplier agreement with its customer Carillion. The contract will now run from 2012 until 2016 and is expected to be worth more than £50 million (about U.S. $78 million) during the next four years....
New Zealand’s Hirepool Acquires Large Aerial Inventory from Crane Rental Firm
New Zealand rental chain Hirepool has acquired New Zealand Access Hire from New Zealand Crane Group, the second acquisition by Hirepool in the past year. The addition of the New Zealand Access Hire aerial work platform fleet, apparently makes Hirepool’s aerial fleet, including light towers and telehandlers, the country’s largest, according to New Zealand’s National Business Review....
Case Construction Equipment Partners with Saudi Arabian Company
Case Construction Equipment has announced its alliance with the Roots Group in Saudi Arabia to distribute its full line of equipment in that country. The announcement was made at a joint press conference held during the opening ceremony at the new Roots headquarters and showroom dedicated to Case Construction in Jeddah, the Arab News reported....
Ramirent Revenue Leaps 22.3 Percent in 2011
Ramirent, Finland-based international rental company, posted €649.9 million in revenues in 2011 (about U.S. $854 million), compared with €531.3 million for 2010, a 22.3-percent increase. For the fourth quarter the company jumped 24.4 percent, from €150.1 million in Q410 to €186.8 million in the recently concluded quarter (about U.S. $246 million)....
Cramo Posts 38.2-Percent Revenue Leap in 2011
Cramo, international rental company based in Vantaa, Finland, a suburb of Helsinki, posted a 38.2-percent revenue increase in 2011, posting €679.9 million (about U.S. $892 million), compared with €492.1 million in 2010. For the fourth quarter, the company jumped 31.8 percent on a year-over-year basis, posting €192.9 million (U.S. $253.1 million), compared with €146.4 million in 2010....
HSS Hire Posts Modest 5.3-Percent Revenue Hike
U.K. tool and equipment rental chain HSS Hire posted revenues of £180.2 million (about U.S. $282.7 million), a 5.3-percent year-over-year increase. EBITDA rose 2 percent to £39.8 million. The company said the company’s growth was affected by the loss of its Network Rail contract and lower heating revenue because of mild winter conditions....
Atlas Copco Acquires Chinese Compressed Air Treatment Products Maker
Atlas Copco (China) Investment Co. Ltd. this week acquired the Wuxi Shengda Air/Gas Purity Equipment Co. in China. The newly acquired company has annual revenues of CNY 95 million (about U.S. $15.1 million)....
U.K.-Based Vp Expects to Top Market Expectations
Vp, the U.K.-based rental group, said it traded well through the winter period and expects to report full-year profits ahead of current market expectations. Vp said the home-building, rail, infrastructure, and oil and gas sectors have done well, while the general construction market remains soft....
Wynne Systems Hires EMEA Project Director
Wynne Systems has hired Olivier Hertu as project director of Europe, Middle East and Africa operations. Hertu most recently served for six years as chief information officer of Loxam, Europe’s largest equipment rental provider, where he assisted with the implementation of RentalMan at more than 500 locations in 10 countries. Previously, Hertu was employed as IT manager with Loueurs de France BTP, a subsidiary of Groupe Loxam that rents and leases public works equipment....
Kobelco Cranes Begins Production in India
Kobelco Cranes has begun commercial production at its new plant in Andhra Pradesh, India, according to India’s Business Standard. The plant is the company’s first production facility outside of Japan, and is the first foreign company to own a facility in India to manufacture crawler cranes, the company said....
JCB India Opens New 20,000-Square Foot Service Facility
JCB India this week opened its new 3S integrated facility in Guwahati, Assam, India, the company said. The facility, built by Oja Earthmovers, a JCB dealership, has eight bays and is fully equipped with international standard servicing for JCB customers to provide service and parts....
U.K.’s Speedy Releases iPhone App
Speedy Hire, the U.K.’s largest tool and equipment rental company has released an app for the iPhone that helps customers access Speedy’s branches anywhere in the country. The app has GPS functionality, allowing engineers to quickly find Speedy branches based on their location via Google maps. Technicians can also manually search for a branch by specifying products or services....
Sany Promises to Keep German Workers Following Putzmeister Acquisition
Chinese manufacturer Sany Heavy Industry Co. this week assured Putzmeister workers in Germany that they will keep their jobs after Sany’s purchase of the German concrete pump manufacturer led to protests in Germany, Dow Jones Newswires reported. Sany told Dow Jones Newswires in an e-mailed statement that they won’t lay off any employees and, in fact, will hire more....
Ramirent to Implement Wynne Systems Software
Wynne Systems, international provider of business intelligence software for the equipment rental industry, today announced Finland-based Ramirent will implement the Wynne Systems suite of applications. Ramirent, which operates in 13 Nordic, Central and Eastern European countries, piloted RentalMan and InfoManager applications in 2011....
Sany Agrees to Acquire Putzmeister
Chinese construction equipment manufacturer Sany Heavy Industry has agreed to buy German concrete pump maker Putzmeister Holding GmbH, according to Bloomberg and various European news agencies. Sany and Chinese private equity company CITIC PE Advisors Ltd. will acquire 100 percent of Putzmeister for an undisclosed price. Putzmeister CEO Norbert Scheuch will remain as head of Putzmeister under Sany’s ownership....
Ventalus to Market Powered Access Equipment in Russia
Austria-based Hek & Partner OG has launched a new aerial sales company in Russia called Ventalus. Ventalus, founded by Maria Kornilova and Ernst van Hek on behalf of Hek & Partner OG, will focus on high-quality used powered access equipment and telehandlers. The company will be headquartered in Moscow....
Riwal Names Norty Turner CEO; Schalekamp Continues International Growth Role
Riwal, international aerial work platform and telehandler rental specialist, has named former Hertz Equipment Rental Corp. executive Norty Turner as its new CEO, effective March 1. Turner succeeds Dick Schalekamp, who has been with the company since 1986. Schalekamp will continue as a member of Riwal’s board of supervisors, focusing on initiating international business development, international sales, purchasing relationships and mergers and acquisitions....
Xylem to Expand Pump Rental in France
Xylem plans to expand its dewatering rental offering in France during the next three years, the company said. This year, Xylem will strengthen its dedicated dewatering rental departments in Paris and Bordeaux and will launch new dewatering rental services in Brittany, Lille and Toulouse in 2013. The company will expand to other locations in 2014, it said....
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