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Austria-based Strabag SE has announced an offer to acquire the 33.4% it does not already own in German subsidiary Strabag AG. It is offering € 260 per share for a total of € 347 million by means of a voluntary public offer.
US construction giant KBR as reached a definitive agreement to BE&K, a private engineering and construction company based in Birmingham, Alabama, US BE&K had sales of US$ 2 billion for the year ending March 30, and the transaction is valued at US$ 550 million.
Cemex has announced plans to sell various businesses in Austria, Hungary and the UK in a bid to reduce its debt burden. The units in question had generated revenues of US$ 456 million last year.
Lavendon Group now has 21000 aerial platforms and 1400 employees...and over 10 different brands. Murray Pollok reports on the rebranding plans that will see it focus on just four names. Plus, we report on how the business is performing in certain key markets.
Aichi Corp aerial platforms are to be distributed in North America by Toyota Material Handling USA (TMHU) from this summer onwards, revealed the company at ConExpo.
Chinese construction equipment manufacturer Beijing JingCheng Heavy Industry Co Ltd is to launch its self-propelled and trailer mounted aerial platforms in Europe and North America this year.
Modern (International) Access and Scaffolding Ltd, an authorsied Genie dealer in Hong Kong and Macau, is opening offices in in Guangzhou, China, and Singapore this summer.
Along with eight new machines in its product range Snorkel was able to announce some significant increases in employee numbers and production facilities at ConExpo.
The Access 20 shows continued growth in the industry due to companies moving into new market areas. Maria Hadlow reports on the shifts in this years Access 20 lifting of the biggest access equipment manufacturers.
To get a view of the US scaffolding industry, Patrick Hill took advantage of Conexpo/ConAgg last March to talk with the Scaffolding Industry Association, with a major US manufacturer with expansion plans, and with a major European manufacturer that wants to increase its US presence.
A number of prestigious acquisitions are juxtaposed with a poor share price: Jeff Isenberg looks at what is really going on at the Lavendon Group.
The US non-residential construction market grew +12% in the 12 months to the end of March. However, difficult conditions in the residential sector meant construction spending as a whole declined over the year.
The D&Ri 100 is the only annual ranking of specialist demolition contractors. This year’s listing confirms a continued strong growth in the industry’s overall value. Lindsay Gale reports
The Oshkosh Corporation reported second quarter results of sales of $1.8 billion to which the JLG access and telehandler business contributed the largest sum despite a drop in the home market.
Terex Cranes reported strong growth in the first quarter of 2008 with a 26% increase in sales over the same period last year. That amounts to a US$131.4 million growth to $632.2 million.
Manitowoc’s crane segment saw net sales increase by 30% in the first quarter of 2008, to US$884.4 million, compared to the first quarter of 2007.