All Business & Finance Articles

US lessons
Steve Shaughnessy, managing director of UK rental company A-Plant's specialty businesses division, drew on his extensive experience of the US access rental sector to highlight some of the key differences in approach from Europe.
Contract conditions
An ERA committee is trying to review and standardize General Rental Conditions for the European rental market. It's a difficult task, so what progress are they making?
Euroloc shifts gear with Umesa deal
Euroloc's acquisition of Spanish aerial platform company UMESA in early August, for an undisclosed price, will transform the company into a +9000 unit access operation.
UpRight opts for two brands
Tanfield is to use the UpRight brand in Europe, the Middle East and Africa and Snorkel for North America and Austral asia. The twin brand strategy follows Tanfield's successful acquisition of US manufacturer Snorkel last month.
Skyjack adds handlers with Carelift deal
Skyjack has agreed to buy Canadian telehandler manufacturer Care Lift Equipment, based in Breslau, Ontario, for an undisclosed sum. Skyjack says the Carelift products complement its own scissor and boom lifts well, allowing it to offer a fuller range of machines to rental companies.
Big deals
Spain's Euroloc is now one of Europe's biggest access rental companies, having acquired both Nacanco Spain and Umesa in the past four months. Murray Pollok spoke to Pedro Torres, the ex–Nacanco man who will run Euroloc's access division.
Access 50 Financials 2007: Financial performance of the 50 largest access fleets in the world
A detailed analysis of the financial performance of the Access-50 companies, the owners of the 50 largest access fleets in the world.
Nordic highs
The Nordic region, like much of Europe, is enjoying a period of high demand for access platforms. As Patrick Hill reports, the sector is benefiting from the drive to complete jobs quickly and improve worker productivity.
Skyjack to move into telehandlers
Skyjack has agreed to buy Canadian telehandler manufacturer CareLift Equipment Ltd., based in Breslau, Ontario. Skyjack said the Carelift products complement its own scissor and boom lifts well, allowing it to offer a fuller range of machines to rental companies.
Haulotte reports further gains
France's Haulotte has reported 2007 first-half financial results to be up overall from the same period as last year. Net sales increased 30.9% from this time last year, with € 310.2 million ($432 million). The Group achieved further improvements in margins as market trends remained positive while continuing to add new production capacity and strengthening its sales network.
ALH-2020: Largest aerial work platform and telehandler rental fleets in North America 2007
The ALH 20/20 survey of the top aerial and telehandler rental fleets in North America has some big names, but also some small independents, as John Wyatt reports.
Made in heaven? Murray Pollok talks to Frank Scarborough
The acquisition of Snorkel by the UK's Tanfield Group – also owner of UpRight Powered Access – will have a major impact on the Kansas manufacturer. Frank Scarborough tells Murray Pollok that the change is for the good.
Confidence still high reveals latest survey
The world's rental companies and equipment suppliers remain generally confident about prospects for the rental market in 2008, although there are signs of caution from the US.
Euroloc gets €120m growth refinancing
Spanish rental company Euroloc has negotiated a seven year, €240 million loan with Banesto and the Bank of Scotland that will refinance its existing debt and give it €120 million additional investment funds.
Cramo buys Skanska's Danish rental division
Cramo's Danish subsidiary has acquired the internal rental division of Skanska Denmark. Around 90% of the division's business is internal, and Cramo said the deal is likely to add around DKK100 million (€13,5 million) in annual revenues. The sale price was not disclosed.
Hyundai establishes French subsidiary
Hyundai Heavy Industries Europe (HHIE) has established a subsidiary in France, its first subsidiary in the region.
China establishes rental association
A Chinese rental association has been established by the China Construction Machinery Association (CCMA) and will hold its inaugural official meeting on 15 November.
Rental at BICES
Rental in China is still in its infancy, but the recent BICES exhibition in Beijing, China, attended by over 60000 visitors, provided evidence that its profile is rising, with one of China's biggest equipment manufacturers, Liugong, promoting rental on its stand at the show.
Cat reports decline in US dealer investment
Capital investment by US rental companies is showing signs of flattening or declining in 2008, according to two of the biggest suppliers to the rental market, Caterpillar and JLG Industries.
Credit crunch?
What the banking credit crisis means for Access manufacturers and rental companies.
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