All Business & Finance Articles

UAE’s Aabar targets Arabtec
The UAE’s Aabar Investments of Abu Dhabi is to make an offer to acquire 70% of Dubai’s Arabtec Holdings.
Fluor consortium wins Scottish wind farm rights
Seagreen Wind Energy, a Fluor and Scottish and Southern Energy plc joint venture has been awarded exclusive rights by The Crown Estate to develop 3,4 GW offshore wind farm
Strabag lands Denmark’s first PPP project
The Strabag led consortium, Kliplev Motorway Group (KMG) has won the tender for Denmark’s first Public Private Partnership (PPP) project.
Cimpor rejects CSN’s ‘hostile’ bid
Board advises shareholders not to sell to CSN.
SNC-Lavalin employee kidnapped
A local employee of SNC-Lavalin has been kidnapped by five armed gunmen in Djebham, 150 km southeast of Algiers in Algeria.
SED 2010 exhibition cancelled
The 2010 SED exhibition in the UK has been cancelled because of difficult market conditions. The next show is scheduled for 17-19 May 2011.
Speedy signs five year deal with Al Futtaim Carillion
Speedy Hire has signed a five year ‘Strategic Services Agreement’ with Al Futtaim Carillion (AFC), the joint venture business between Carillion and Al Futtaim Group in the Middle East and North Africa. The deal could generate annual revenues of £10 million in its first year.
ACS acquires New York contractor
Spainish contractor to pay US$ 93.6 million for tunnelling specialist with US$ 800 million order book.
Manitex acquires Load King from Terex
Terex has sold its Load King Trailer manufacturing business to Manitex International, Inc. in the USA
Cargotec develops Africa gateway with Moroccan buyout
Cargotec has acquired the port service and equipment segment of its Moroccan dealer Maghrepic S.A.
CE Barometer December 2009: Positive surge
Optimism about future prospects for the Euorpean construction industry soared in December.
Altered Norwegian presence for Brokk
Brokk appoints Norwegian dealer for its demolition robots
Cintra sells majority of Chilean subsidiary
Cintra, Ferrovial’s toll road subsidiary, has agreed the sale of 60% of Cintra Chile to the Colombian ISA Group for US$ 300 million.
XCMG plans share placement
XCMG Construction machinery Company plans to raise CNY 5 billion (US$ 732 million) through a private share placement.
Vinci wins London tube upgrade contract
A joint venture between Taylor Woodrow, part of Vinci Construction UK, and BAM Nuttall has won a UK£ 250 million (€ 277 million) contract to upgrade Tottenham Court Road Tube station.
UpRight's TM12 sells well in Sweden
UpRight's TM12 vertical mast lift machine is proving very popular in Sweden. Over a few week period Zip-Up Svenska, UpRight's Swedish distributor, sold over 60 machines to rental companies. Three were existing customers, which already have 120 TM12s between them and the other was a new customer.
Cramo sells its Finnish diamond drilling and floor grinding division
Cramo’s Finnish subsidiary has sold its diamond drilling and floor grinding business to demolition contractor Kuusakoski Oy. The sale, for an undisclosed price, will close on 1 February 2010.
Ramirent wins outsourcing deal with Finnish contractor
Finnish contractor Oka Oy has outsourced its construction equipment fleet to Ramirent Finland and signed a five year rental agreement with the company.
SGB name change to Harsco Infrastructure
UK supplier of access and formwork products and services, SGB, will be changing its name to Harsco Infrastructure. The change will take effect from January 2010 and is part of a global re-branding being implemented by SGB's US based parent company Harsco Corporation.
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