All Rental Articles

Selwood buys again with Proplant deal
UK rental company and pump specialist Selwood Ltd has followed up its recent acquisition of Glo Hire by acquiring Proplant Ltd, a four-depot rental company operating in Wales and south west England.
RSC halves spending and reduces full-year outlook
RSC Equipment Rental in the US has reacted to economic uncertainty by halving its capital investment in new equipment in the first half of 2008 and has revised downwards its revenue growth estimates for the full year from 4-7% to 3-5%.
GAP Group buys 100th 8t Kubota
The UK’s GAP Group has bought its 100th Kubota KX080-3 mini excavator, taking its total Kubota fleet up to more than 2400 units.
Gardner Denver buys compressor maker CompAir
US compressor and vacuum products manufacturer Gardner Denver Inc has acquired UK compressor manufacturer CompAir for US$395 million in cash and assumed debt. The acquisition, announced on 21 July, will be completed in the final quarter of the year.
Energyst installs 50 MW power plant in Cyprus
Energyst CAT Rental Power has installed 50 MW of temporary power in Cyprus to cope with the influx of 2.5 million tourists to the island over the summer months.
Ramirent reduces full-year profit forecast
Ramirent said further softening of markets - particularly the Baltic States - and increased operating costs would make it difficult for it to meet its 15% profit growth estimate for 2008.
APEX: IRN's guide to the largest access equipment show this year
APEX will be the largest, dedicated aerial platform exhibition in the world this year, with over 110 exhibitors. Maria Hadlow, Editor of Access International magazine, previews the show, which takes place in Maastricht, The Netherlands, on 17-19 September.
Rental software: the key to successful implementation
Implementing a new rental software system is one of the most challenging things that you will do with your rental business. IRN asked rental software suppliers for their advice on making implementation as pain-free as possible.
Trade-in: why do big rental companies buy their own shares?
Why do publicly traded companies repurchase their own shares? And what does this mean for the rental companies and the equipment manufacturers? IRN’s finance correspondent, Jeff Eisenberg, explains.
One to watch: IRN talks to one of South America's largest rental companies
Pablo Lam, general manager of Santiago-based SKC Rental, tells IRN editor Murray Pollok that after 10 years in the Chilean rental market, the time has come to diversify its fleet and its customer base.
SmartEquip aims to revolutionise the aftermarket
US technology company SmartEquip wants to revolutionise the way that rental companies order their parts. They have made a good start in the US and now have their eyes set on Europe. Murray Pollok talks to SmartEquip CEO, Alex Schuessler.
United Rentals results down
US equipment rental company United Rentals Inc. reported a 44.8% fall in profits to $37 million in the second quarter of 2008. Profit in the first half of the year was $75 million, 24.2% less than the $99 million in the same period of 2007.
IronPlanet auction sales up 37%
Construction equipment online auction company IronPlanet in the US reported second quarter gross auction sales of US$91.3 million (€58.6 million). The figure is an increase of 37% over the same quarter last year and 17% over the first quarter this year.
Investment banker joins RSC
RSC Equipment Rental, Inc. in the US has named Kevin Drumm to the new position of senior vice president - strategic development. Mr Drumm has 13 years' experience in investment banking, finance, and corporate law.
Ritchie Bros opens permanent auction site in France
Ritchie Bros. Auctioneers officially opened its new French auction site at a ceremony on 27 June. The 20-hectare facility is at Saint Aubin sur Gaillon, west of Paris, strategically located alongside the A13 motorway and just 100 km from the port of Le Havre.
MVS Zeppelin plans 100 DIY 'in-store' locations
MVS Zeppelin in Germany hopes to have as many as 100 tool rental depots inside German DIY stores following its acquisition late last year of the Essen-based tool rental franchise business Rentas GmbH.
Selwood buys Glo Hire
Selwood Group, the UK rental/sales company that is best known for its pumps, acquired Glo Hire and Sales Ltd for an undisclosed sum in June. Glo Hire was established in 2002 and has four depots in the east and south east of England, including London.
Manitou grows but sales fall in Spain and UK
Buoyant sales of telehandlers to farmers and of industrial warehousing equipment helped grow Manitou’s second quarter sales by 8.8% to €368 million. Manitou reported mixed fortunes in its main European markets, with falling sales in Spain and the UK offset by growth in Germany, Benelux and eastern and central Europe.
Terex AWP sales level off, but still high
Terex Corp’s aerial work platform division reported almost level sales in the three months to 30 June, and the division’s backlog was down 46.8% to US$419.4 million. Terex said the slower growth rate and reduction in backlog were due mainly to softening demand in Western Europe.
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