All Business & Finance Articles

Metso ups Indian presence
Metso Minerals has announced that, subject to regulatory approval, it is to spend E30 million (US$47.5 million) to establish what it will call its ‘Metso Park’ multi-functional industrial facility near the city of Alwar in the state of Rajasthan, India.
Atlas Copco acquires stake in Indian drilling companies
Atlas Copco (India) has agreement to acquire a 25% stake in Focus Rocbit and Prisma Roctools in India, subject to approval from the relevant authorities, for an undisclosed sum.
Telcon acquires 60 percent stake in Lebrero
Telcon, India's largest construction equipment manufacturer, has acquired a 60% stake in Spanish road building equipment maker Lebrero.
Lavendon buys DK and adds 2700 lifts
Lavendon Group in the UK is to acquire the Belgian-based DK Rental Group of companies for €87.8 million. DK Rental Spain has been bought for €24.2 million and Lavendon had agreed to acquire DK's Belgian and French businesses for €63.6 million, subject to DK shareholder approval.
Maco promotes access in India
Maco Corporation, Genie's distributor in India is planning four roadshows next year to help “sell the concept” of powered access.
Credit shocks
What does the current credit crisis mean for access manufacturers and the rental industry.
Acceleration
Ken McDougall is the Linamar man who will oversee the growth of Skyjack's product range and its continued globalisation. He spoke to Murray Pollok, AI's Managing Editor.
At the peak?
A great outlook globally, although with some clouds gathering – possibly – over North America. This year's Access Confidence Survey reflects the current popular view of the access market. Murray Pollok reports.
Access division boosts Harsco
Harsco Corp's Access Services business grew by 26% to US$351 (€525) million and operating profit by 36% to $48.1 (€72) million in the third quarter of the year. “Strong results” in Eastern Europe, the US, Northern Europe, the UK and the Middle East fuelled the company's performance, and it said rental demand for its scaffold, formwork and shoring products remains strong.
Australian construction activity declines
Australia's construction industry deteriorated in March, its first decline in seven months according to the Australian Industry Group (Ai Group).
UAE Cat dealer creates rental JV
A new rental company, Gulf Union Equipment Rental Company, has been established in the United Arab Emirates (UAE) by a Middle East Caterpillar dealer and an investment partner.
Terex to buy ASV
Terex has announced it will buy compact tracked loader manufacturer ASV for US$488 million (€342 million).
Ramirent expands into Slovakia
Ramirent has entered the Slovakian rental market by acquiring a 60% stake in OTS Bratislava (OTS), one of the market leading rental companies in the country. Ramirent has an option to become sole owner by 2010.
Komatsu acquires big Japanese renter
Komatsu Ltd is to acquire a major Japanese rental company and merge it with its own sizeable rental operation in Japan.
Boels expands in Netherlands
Boels Rentals in The Netherlands has further expanded its Belgian operation with two acquisitions.
Atlas Copco sells half of ABIRD
Atlas Copco has sold approximately half of ABIRD, its Netherlands industrial rental company, to ABIRD's chief executive, Wichard Oorschot, and investment firm NPM Capital. The sale price was not disclosed.
Brandon expands UK network
Brandon Hire, the UK tool hire chain owned by the Wolseley Group, has recently opened nine new branches to take its total network to over 260 locations nationwide.
Jaston rebrands as Workx
The acquisitive Netherlands rental company, Jaston Groep, re-branded all its rental divisions under the single Workx name on 1 January. The name change is part of an ambitious growth strategy at the company, which is backed by Netherlands private equity company H2 Equity Partners.
Loxam buys Lev in France
Loxam has acquired Haulotte Group's French access rental businesses, Lev and Royens Levage, for an undisclosed price.
What next for United?
IRN's financial correspondent Jeff Eisenberg looks at the stalled takeover of United Rentals by private equity form Cerberus, and concludes that United is still likely to be sold, but for a lower price.
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