All Business & Finance Articles

Hertz buys Spanish power renter Quilovat
Hertz Equipment Rental Co (HERC) acquired Quilovat, a Spanish power rental company based near Barcelona, in March this year. The price was not disclosed.
CRH names new bosses
CRH has appointed Myles Lee as group chief executive designate. He will take over at the head of the construciton materials giant at the end of this year on the retirement of current chief executive Liam O'Mahony.
Bilfinger Berger’s FM expansion
Bilfinger Berger has doubled the size of its facilities management (FM) business with the acquisition of M+W Zander's FM division from Austrian investment company Victory Industriebeteiligungen Group.
Russian rental market to reach €1 billion within five years
The Russian equipment rental market could reach €1 billion in revenues within five years, according to a leading Russian rental consultancy, MS Consulting.
Boels opens 'Mega-Party' location in Germany
Boels Verhuur has opened a ‘Mega Party Rentals’ depot in Hilden in the Nordrhein-Westfalen area of Germany. The 4000 m2 branch has “everything you need for your party or meeting under one roof.”
Australian construction growth highlights need for coordination
Record growth in Australia's engineering and commercial construction sector's has highlighted the need for closer coordination between the government, unions and materials suppliers, according to the latest Australian Constructors Association (ACA) Construction Outlook survey by the Australian Industry Group (Ai Group).
RSC buys aerial rental specialist, American Equipment.
US rental company, RSC Holdings, has entered into an agreement to buy aerial platform rental specialist, American Equipment Rentals.
Gulf Lifting to distribute Hydro Mobile in UAE
Gulf Lifting Rental Co LLC has signed an agreement with Canadian mast climbing manufacturer, Hydro Mobile, to distribute its equipment in the United Arab Emirates.
Entrepreneurial award possible for Leonard Cherry
Leonard Cherry has made the short list for Ernst & Young's 2008 Entrepreneurial award
Oil answers
Dirk Verwim, sales manager for heavy lift and transport giant Sarens, speaks to IC about the crane market in the global petrochemical industry
Alimak Hek India established
Hoist, lift and work platform manufacturer Alimak Hek has established an operation in India.
CE Barometer May 2008: Weakness remains
Confidence in the European construction sector remained positive but weak in May, with the threat of a downturn remaining. Chris Sleight reports.
New highs at Tadano
Tadano's fortunes continued to rise at home and abroad in the 2007 to 2008 financial year, despite a slump in its loader crane division
New market leader in Scandinavia
Two Scandinavian mobile crane rental companies have merged to become what they claim is the region's market leader. Kynningsrud Crane and Stangeland will join under the co-owned holding company Nordic Crane Group AS, but both companies will continue to operate under their respective names and management.
Energy Crane changes hands
UK-based offshore crane engineering and mechanical handling specialist Energy Cranes International has been acquired by UK merchant bank Close Brothers Private Equity (CBPE) from LMS Capital plc in a £142 million (US$281 million) deal.
Lafarge buys L&T Concrete
Lafarge has announced the € 226 million (US$ 350 million) acquisition of L&T Concrete from Indian industrial conglomerate Larsen & Toubro. Lafarge says the deal will give it a 25% share of India's ready-mixed concrete market.
Heads roll after Heijmans warning
Heijmans' executive chairman, Guus Hoefsloot has announced his resignation following a profits warning. Van Herk Groep, which controls some 10% of voting rights in the Dutch contract has also called for the resignation of the Supervisory Board's chairman Joep Brentjens.
Over 100 laid off at Skyjack
Over 100 employees have been laid off from Skyjack's Guelph plant. Both office and production employees who work on the Canadian company's rough terrain scissor line are affected.
HSS Hire signs up to erento online rental site
HSS Hire has signed up to the online rental website, erento, the first major UK rental company to do so since erento’s launch in the UK in February this year.
European construction slowing
New figures from Eurostat show European construction output slowed towards the end of last year although growth in much of central and Eastern Europe remains robust. Chris Sleight reports.
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