Compact Power Inc (CPI) and Home Depot have signed a deal that will see CPI establish a new company, Compact Power Equipment Centers LLC (CPEC), to run large equipment rental business at selected Home Depot stores.
Driveline and chassis producer ZF saw sales fall by a third from January to August 2009, compared to the first eight months of 2008. For the entire year, ZF forecasts corporate sales will fall by a quarter to €9.2 billion and anticipates sharp net losses
Australian heavy equipment rentals company Emeco is to significantly downsize its European operation over the next year and undertake a strategic review of its US business as part of a restructuring that will also see it sell off many of its smaller ‘civil construction’ machines in Europe and the US.
Spanish rental company GAM has negotiated a new schedule of debt repayment with its lenders to adjust to current business conditions. The company’s revenues fell 25% to €143 million in the first half of the year.
UK manufacturer and distributor of access equipment, Planet Platforms (Northern) Ltd, has added forklift truck training to its access training division following the acquisition of BEL. The decision to purchase BEL formalises a long term working partnership between the two organisations.