All Business & Finance Articles
The UAE’s Aabar Investments of Abu Dhabi is to make an offer to acquire 70% of Dubai’s Arabtec Holdings.
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
The Strabag led consortium, Kliplev Motorway Group (KMG) has won the tender for Denmark’s first Public Private Partnership (PPP) project.
A local employee of SNC-Lavalin has been kidnapped by five armed gunmen in Djebham, 150 km southeast of Algiers in Algeria.
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 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.
Spainish contractor to pay US$ 93.6 million for tunnelling specialist with US$ 800 million order book.
Terex has sold its Load King Trailer manufacturing business to Manitex International, Inc. in the USA
Cargotec has acquired the port service and equipment segment of its Moroccan dealer Maghrepic S.A.
Optimism about future prospects for the Euorpean construction industry soared in December.
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 Construction machinery Company plans to raise CNY 5 billion (US$ 732 million) through a private share placement.
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 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’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.
Finnish contractor Oka Oy has outsourced its construction equipment fleet to Ramirent Finland and signed a five year rental agreement with the company.
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.