Report Sees U.K. Strong Rental Growth Through 2011
Dublin, Ireland-based Research and Markets last week released its Plant Hire Market Report 2007 predicting “reasonably strong growth between 2007 and 2011.” The report estimated the U.K. market for plant, tool and access hire at an estimated £7.63 billion in 2006 (about U.S. $15.9 billion). ...
Australian Union Concerned Over Rental Workers’ Benefits
The Australian Manufacturing Workers Union has called for employees’ rights to be protected in a planned private equity takeover of Coates Hire, Australia’s largest equipment rental company. United States-based private equity firm The Carlyle Group and Australian rental company National Hire Group recently agreed to acquire Coates....
British Aerial Specialist AFI-Uplift Makes Acquisition
British rental company AFI-Uplift recently acquired Central Access Ltd., an aerial rental company based in Nottinghamshire. The deal comes weeks after Hull, England-based AFI-Uplift acquired North East Access Ltd....
Europlatform Announces September ’08 Conference
The second Europlatform conference will be held Sept. 16, 2008 in Maastricht, the Netherlands, the day before the APEX show (International Access Platform Exhibition & Conference.)...
AEM Plans ConExpo Russia for September ‘08
The Association of Equipment Manufacturers last week announced the formation of ConExpo Russia in response to manufacturers seeking improved opportunities to showcase products and technologies to the growing Russian marketplace. The inaugural show will be held September 15-18, 2008 in Moscow. ...
Cramo Grows Rental 25 Percent in First Nine Months; Acquires Swedish Aerial Companies
Finnish multi-national rental company Cramo’s consolidated sales increased by 23.4 percent from January through September, with a 26.4-percent jump for continuing operations, excluding the Dutch business operations Cramo divested in April. Organic growth was 23.9 percent. Volume was boosted by favorable market conditions, a higher rental equipment penetration rate, positive price development and successful equipment investments in the main market area. Total volume for the nine-month period was €352.7 million (about U.S. $523 million), up from €258.8 million last year....
Haulotte Middle East FZE to Open in Dubai
As part of its international development process, Haulotte Group last week announced it is continuing its worldwide development strategy by opening a new subsidiary in Dubai, United Arab Emirates, this month. ...
British Aerial Giant Lavendon Acquires Three Rental Companies
British aerial equipment rental specialist Lavendon Group last week said it acquired one powered access rental and equipment firm and agreed to buy two others in deals totaling €87.8 million (about $128.8 million)....
Coates Hire Projects Big Earnings
Coates Hire, Australia’s largest rental company, last week released earnings guidance for its various divisions. The general meeting might be the company’s last, since it agreed to be acquired last month by U.S.-based private equity group The Carlyle Group and Australian rental outfit National Hire....
New Zealand Caterpillar Dealer Names Green CEO
Goughs, the Caterpillar in New Zealand, last week named Andrew Green CEO -- Equipment Group after what the company termed an extensive worldwide recruitment process. The Equipment Group includes the Caterpillar Business Unit, Goughs Forklifts, Goughs Engineering and The Cat Rental Store....
Harsco’s SGB Division Gains $1.6 Million Singapore Contract
Worldwide industrial services company Harsco Corp. last week said its SGB access services division has been awarded two contracts totaling more than $1.6 million to support construction of a new GlaxoSmithKline Vaccine Plant in Singapore....
Komatsu Appoints New Rental Manager
Ewen Gilchrist has become Komatsu’s rental business manager for Europe, replacing Benoit Fosséprez who has left the company to join a non construction-related business in Luxemburg....
Speedy Hire Names Marketing Director
Speedy Hire last week named Sarah Keedy group marketing director. Keedy’s hiring follows Speedy Hire’s recent acquisition of Hewden Tools, which has provided more cross-selling opportunities to the United Kingdom’s largest tool and specialty equipment rental company. ...
Italy’s PM Group Opens Branches in Spain and Argentina
Italian aerial manufacturer The PM Group has opened sales branches in Madrid and Buenos Aires....
Perkins Engines Announces Plans to Manufacture in China
Plans to build a new manufacturing facility in China to produce small to medium-size diesel engines, were announced last week by Perkins at the Chinese construction exhibition Bices, in Beijing. ...
Cramo Acquires Danish Site Hut Rental Specialist
Cramo A/S, the Danish wholly owned subsidiary of Cramo Plc, last week acquired Skanska Denmark’s rental organization, including all personnel, existing machine fleet and rental contracts. Cramo estimates the acquisition will provide annual rental volume of at least Danish Kroner 100 million (about U.S. $19.5 million). ...
Watchdog Approves Doosan's Purchase of Ingersoll Rand Units
Korea’s corporate watchdog last week said it has approved a deal by Doosan Infracore to buy three units of U.S.-based industrial firm Ingersoll Rand....
HAE Honors Speedy For Health and Safety Initiatives
The Hire Association of Europe gave Speedy Hire, the United Kingdom’s largest tool rental company, an award for Best Contribution to Health, Safety and the Environment. The award is an endorsement for Speedy Hire’s “Safety From the Ground Up” campaigns and corporate responsibility initiatives....
JLG Begins Expansion Project in Australia
JLG Industries recently announced it has begun a major expansion in Perth, Australia, which will dramatically improve its service to access equipment customers in Western Australia, South Australia and the Northern Territory. ...
Hirepool Continues New Zealand Expansion
Hirepool, New Zealand’s largest equipment rental company acquired East Bay Hire in Whakatane, N.Z. The deal will be finalized Nov. 1....
Vp Acquires First Engineering’s Rental Division
Harrowgate, England-based Vp, last week said its subsidiary Torrent Trackside has acquired Firs Engineering’s small plant division for about £1.2 million (about U.S. $2.5 million). The acquired business will be integrated within Torrent Trackside’s rail portable plant rental business supporting the United Kingdom’s major track maintenance, renewals and project contractors....
ConExpo Asia Attendance Expected to Triple
ConExpo Asia 2007, to be held in Guangzhou, China, Dec. 4-7, is tracking at triple the number of attendee registrations compared with two months before the 2006 show. Attendees already signed up come from 60 countries. Currently 57 percent of the registrants are from China, and 43 percent from outside the country....
Cramo Reaches Site Hut Outsourcing Agreement
Cramo, an international European rental chain based in Helsinki, Finland, has reached an agreement with The Hartela Group, one of the largest construction companies in Finland, to outsource building site huts. In the initial phase of the agreement, Cramo acquires Hartelas entire fleet of site huts, and then will take over the order for additional site huts that Hartela has already placed at Cramo Master, a site hut factory within the Cramo group....
Manitowoc Opens Plant in Portugal
Manitowoc celebrated the opening of its latest facility with an open house for hundreds of customers, dealers, senior company management and local government officials. The company’s newest manufacturing plant is located in Baltar, Portugal, and will operate in addition to the company’s existing plant in nearby Fanzeres for the manufacture of Potain tower cranes....
O’Brien Jr. Acquires William O’Brien Plant Hire
Cork, Ireland-based crane and plant hire company William O’Brien Plant Hire has been acquired by William O’Brien Jr. in a deal valuing the business at about £15 million (about U.S. $30.6 million)....
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