Finnish Rental Giant Reports Strong Nine Months
Helsinki, Finland-based multi-national rental company Rakentajain Konevuokraamo Oyj last week reported strong nine-month operating profits. RK reported € 285.8 million (U.S. $370 million) in consolidated sales for the first nine months of 2006, an 18-percent increase from pro forma sales in the first nine months of 2005. ...
Harsco Acquires Chilean Company
Harsco Corp., Harsco, one of the world’s largest suppliers of rental scaffolding, concrete formwork, shoring and other access-related equipment, last week closed its acquisition of Chilean construction services company Moldajes y Andamios TH S.A....
Cummins Plans to Double Sales in China
Cummins Inc., a global manufacturer of engines and related technologies, last week said it plans to more than double its sales in China by 2010 as it expands operations in the world's second-largest auto market. ...
British Lavendon Group Acquires German High-Reach Specialist
High-reach equipment rental firm Lavendon Group PLC is acquiring Germany’s third-largest supplier of powered access rental equipment The Gardemann Group for about 46 million euros (about U.S. $59 million). ...
Australia’s Coates Hire Acquires Allplant, Bennett Hire
Coates Hire, Australia’s largest rental company, last week acquired Allplant Ltd., the earthmoving equipment rental division of Macmahon Holdings, for AU $73 million (about U.S. $56 million). ...
Kennards Hire Opens Perth Branches
Kennards Hire recently opened three new branches in the metropolitan Perth, Australia, region. Kennards a family-owned company, now has nine branches in the Perth area, six years after moving into the area. Kennards now has 92 locations across Australia, nine of which were added in the second half of 2006....
British Vp PLC Acquires Scottish Rental Company
British equipment rental company Vp PLC last week said its subsidiary Hire Station has acquired Scotland-based MEP Hire Ltd., a rental firm handling press-fitting, electro-fusion and pipe-threading machines. Vp, based in Harrowgate, England, acquired the company for 3.3 million pounds in cash (about U.S. $6.3 million)....
Equipment Theft High in Eastern Canada
The Canadian provinces of Quebec and Ontario have become hotbeds of equipment theft, according to a report in the Montreal Gazette last week. Between $30 million and $40 million worth of heavy equipment disappears annually in Canada, the report said, and is never recovered. Backhoes, front-end loaders, tractors and skid-steer loaders rank among the most commonly stolen items....
Multiquip Expands Into Kuwait and Iraq
Multiquip Construction Equipment Pvt. Ltd., the Mumbai, India-based distributor for Multiquip Inc., signed an exclusive dealership agreement last week with Kuwait’s Badar Almulla Bros. Co. WLL. ...
British Vp Rental Group Posts Profitable ’05 Numbers
British equipment rental group Vp increased revenue by 10 percent to almost 100 million pounds, about U.S. $180 million, it announced last week. The company posted a 13.2 percent in pre-tax profits, around $20.6 million. ...
Volvo Construction May Set Up Facility in India
Volvo Construction Equipment, a wholly owned subsidiary of Swedish commercial vehicle major AB Volvo, is exploring the possibility of setting up a manufacturing facility in India. The company would manufacture select products in the proposed facility. ...
ConExpo Asia 2007 Set for December ’07
The next ConExpo Asia will be held December 4-7, 2007, at the Chinese Export Commodities Fair Pazhou Complex in Guangzhou, China. ConExpo Asia 2007 will feature exhibits of the latest technologies and innovations in construction-related equipment, products and services from leading manufacturers, both Chinese and non-Chinese. Industry educational programs and working equipment demonstrations will offer a learning experience for industry professionals from China, Asia-Pacific and beyond. ...
Japanese Rental Giant Begins Shanghai Rental Co.
Japan’s largest equipment rental company, Kanamoto Co., based in Sapporo, Japan, recently reached an agreement with Shanghai-based Shanghai Miyuan International Trading Co. Ltd., and Tokyo-based Orix Corp., to establish and manage a joint venture rental company....
Australian Portable Storage Rental Provider Acquired
Pasadena, Calif.-based General Finance Corp. last week announced that it entered into a definitive agreement to acquire RWA Holdings Pty Limited (the holding company of Royal Wolf Trading Australia), a privately held Australian corporation that sells and leases portable storage containers, portable container buildings and freight containers....
Caterpillar Helps Develop Remanufacturing Industry in China
Caterpillar Inc. and China's National Development and Reform Commission (NDRC) have signed a letter of intent through which Caterpillar and NDRC will promote the development of China's remanufacturing industry....
William Scotsman Completes Acquisition of Spanish Supplier
William Scotsman last week completed its acquisition of Madrid-based Wiron Construcciones Modulares S.A., one of the largest modular space providers in Spain. Wiron has 14 branches with a fleet of 13,600 mobile offices...
Australian Rental Company Coates Posts Strong Fiscal ’06 Jump
Coates Hire Ltd., Australia’s largest equipment rental company, last week reported a 54 percent increase in net profit after taxes for its recently completed fiscal year. Coates said revenue rose from AU $527.6 million in the previous year ...
Europe’s RKO Posts Large First Half of 2006
Finland-based multi-national rental company Rakentajain Konevuokraamo Oyj, which operates in Finland, Sweden, Norway, Denmark, the Netherlands, Estonia, Latvia, Lithuania, Poland, the Czech Republic and Russia last ...
New Zealand’s Hirepool Continues Acquisition Strategy
New Zealand’s largest rental company, Hirepool, has made two acquisitions one month after itself being acquired by an Australian private equity firm. Managing director Tenby Powell last week announced that Hirepool has purchased Port-a-Loo, based in Christchurch, and Davies Hire, a 50-plus-year-old general rental company based in Auckland. The acquisitions are scheduled to be effective Sept. 1, with existing management teams from both companies continuing in place. ...
Multiquip, Stow Add Dealers in South Africa
Multiquip last week announced it added three dealers in South Africa, bringing to four the number of outlets carrying MQ and Stow Construction Equipment products across the country. Ian Dickie & Co., Lambson's Hire and Sales, and PowerBase CC are the newest additions to a growing dealer network that now sells equipment in more than 60 countries...
Multiquip, Stow Add Dealers in South Africa
Multiquip last week announced it added three dealers in South Africa, bringing to four the number of outlets carrying MQ and Stow Construction Equipment products across the country....
New Zealand’s Hirepool Continues Acquisition Strategy
New Zealand’s largest rental company, Hirepool, has made two acquisitions one month after itself being acquired by an Australian private equity firm....
ACE Expo Attracting Suppliers
The fifth Australian Construction Equipment Expo, or ACE 2007, is 70 percent sold out, organizers said recently. ...
Aggreko Hires North Europe Executive
Rental power, temperature control and compressed air systems giant Aggreko last week named Robin Richardson northern European managing director. Richardson will be a member of Aggreko’s European management board....
