UK Rental Giant Vp Makes Two Acquisitions
British national rental company Vp plc last week made two acquisitions: UM Holdings, parent company of U-Mole, and Redding Hire. Vp spent £4.5 million (about U.S. $9 million) to buy U-Mole, one of the biggest players in the United Kingdom’s trenchless market, with annual rental volume of about £4 million. U-Mole sells and rents trenchless installation equipment to the utilities contractor market....
Deere Announces Major Investment In Russia
Deere & Co. last week announced plans to significantly expand its presence in Russia, one of the most important growth markets of the company in both agriculture and forestry....
Caterpillar Increases Stake in Joint Venture With Mitsubishi
Peoria, Ill. Caterpillar has increased its stake in Shin Caterpillar Mitsubishi, its joint venture with Mitsubishi Heavy Industries to 67 percent, according...
Harsco Takes On $1.5 Million Contract in France
Worldwide industrial services company Harsco Corp. last week announced a $1.5 million contract to provide rental forming, shoring and design engineering services during construction of the second-largest hospital complex in France. The contract comes from French construction giant Eiffage....
Cramo Buys Czech, Latvian Rental Companies
Helsinki, Finland-based international rental giant Cramo recently signed a letter of intent to acquire Czech rental company Techniline for an undisclosed sum....
Atlas Copco Opens New Compressor Manufacturing Facility in China
Stockholm, Sweden-based Atlas Copco last week inaugurated a new compressor manufacturing plant in Shanghai, China. The new plant is a part of Shanghai Bolaite Compressor Co., Ltd. and will strengthen the company’s offer on the Chinese market....
Manitowoc Forms Joint Venture in China
The Manitowoc Co. and its cranes division has formed a joint venture with Chinese crane manufacturer TaiAn Dongyue Heavy Machinery Co....
Thomas Equipment to Produce Skid-steer Loaders With Singapore Firm
Thomas Equipment, an Osiris Corp. company, last week announced that it entered into an agreement in principle for the production of Thomas skid-steer loaders with Singapore Technologies Engineering's Guizhou Jonyang Kinetics subsidiary. ...
Speedy Hire Names Financial Director
Speedy Hire plc named Justin Read group financial director beginning April 1. Read was recently an executive with Hanson PLC, an international building materials company....
Lavendon Posts Big ’07 Profits, Acquires British Lift Specialist
Lavendon, Europe’s leading aerial rental company, is acquiring The Platform Co., believed to be the second-largest aerial rental company in the U.K. market for about £46.1 million (about U.S. $92.7 million) in cash and stock. In addition to strengthening Lavendon’s position in the U.K. access rental market, The Platform Co.’s fleet capacity will enable it to reduce capital expenditures in 2008....
U.K.’s Vp Acquires Lighting Rental Specialist
U.K. aerial rental specialist Vp last week acquired Northern Site Services, a company that rents temporary lighting to petrochemical plants for £1.6 million. NSS, established in 1993, provides temporary lighting and site electrics to the petrochemical and industrial sectors....
Kaplan to Offer Keynote at European Rental Show
Amsterdam, The Netherlands Rental industry consultant and frequent RER contributor Dan Kaplan will give the keynote address at the European Rental Association's...
Atlas Copco Divests Spanish Rental Business Guimera
Stockholm, Sweden Atlas Copco S.A.E. divested Guimera S.A., which is part of Atlas Copco Compressor Technique's rental operations in Spain. The divestment...
WesternOne Equity Acquires Deerfoot Equipment Rentals
Vancouver, British Columbia WesternOne Equity Income Fund recently announced an agreement to acquire Deerfoot Equipment Rentals, a general rental company...
Speedy Posts Strong Q3 and Nine-Month Gains
Speedy Hire, the United Kingdom’s largest tool and equipment rental company, posted a 39-percent volume increase in the first nine months of its fiscal year. The equipment division increased 30 percent in the nine-month period that ended Dec. 31....
Vp Enjoying Strong Start to 2008
British hire company Vp said it has increased its rental activity in the early weeks of 2008 and sees no sign of problems caused by the global credit crunch. The company said it expects to report earnings in line with market expectations, and that these results will show significant growth from the previous year....
Finnish Aerial Rental Giant Janneniska Buys Swedish Aerial Firm
Finnish aerial work platform rental company Janneniska last week acquired NOFA, a Swedish rental company. The combined companies will be able to service all aerial work platform needs from 4 meters to 101 meters....
British Fork Rent Acquires Swift Plant Hire
Independent British rental company Fork Rent plc, based in Ipswich, Suffolk, recently acquired the mechanical assets of Leicestershire-based rental business Swift Plant Hire, an in-house rental company previously owned by David Wilson Homes. The deal, terms of which were not disclosed, adds more than 120 telescopic handlers and about 20 delivery vehicles to the Fork Rent fleet, which now has more than 1,400 units. More than half of its fleet are telescopic handlers....
Atlas Copco Establishes Customer Center in Angola
Stockholm, Sweden-based Atlas Copco recently established a new, fully owned customer center in Angola, to strengthen its offering to customers in one of the world’s fastest-growing markets....
WesternOne Equity Acquires Vancouver Island Rental Company
Vancouver, B.C. Western One Equity Income Fund, a Vancouver, B.C.-based private equity fund, recently completed its purchase of the assets and business...
Dutch Aerial Company Riwal Opens Kazakhstan Branch
Riwal, one of the world’s largest aerial rental companies, recently opened a branch in Kazakhstan, and is currently in the process of opening locations in Brazil and Croatia, Rik Maaskant, manager of marketing and public relations told RER. This year the Dordrecht, Netherlands-based company also opened three branches in France and one in Denmark....
Steve Shaughnessy Becomes Managing Director of Loxam Access
International rental veteran Steve Shaughnessy was recently named managing director of Loxam Access in the U.K. after a stint as managing director of A-Plant’s specialty products business. Shaughnessy, who will be based at Loxam’s U.K. headquarters in Nottingham....
Coates Upgrades Earnings Guidance Before Takeover Vote
Australian rental giant Coates Hire last week upgraded its earnings guidance, days before shareholders vote on a takeover bid from The Carlyle Group and competitor National Hire....
Liebherr Rental Names General Manager
Liebherr Rental Ltd., the rental arm of the manufacturer’s United Kingdom operation, recently named Paul Clark general manager — managing director designate. Clark joined the company October 1. Clark previously served as general manager of Demarec U.K....
U.K.’s Speedy Grows Revenue 36 Percent in Fiscal Half Year
Speedy Hire Plc, the Unitd Kingdom’s largest equipment rental outfit, last week reported a 35.7-percent year-over-year growth in revenue for the six-month period ended Sept. 30. The company recorded net profit of £13.6 million (about U.S. $28.2 million), compared to £$11.2 million for the first six months of the previous year. On an adjusted basis, net profit for the period jumped to £16.9 million, compared with £12.4 million a year ago....
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