Compact Power Equipment Centers (CPEC) is the new business that will run equipment rental branches at 115 Home Depot stores in the US. Roger Braswell, chief executive of CPEC, tells Murray Pollok that the deal is the culmination of 14 years of promotion of compact loaders in the US.
Edmondo Colliva is the driving force behind the Italian rental franchise business, Italnolo. He tells Murray Pollok about the advantages that franchising brings to rental and gives an update on progress at the new franchise store in Spain.
Cummins Power Generation says its expertise in engine design will give it the edge in selling gensets to rental companies. Murray Pollok reports from the company's genset manufacturing plant in Ramsgate, UK.
IRN reports on the latest compact tool carriers, including tracked loaders, skid steers and articulated wheeled loaders from suppliers including Bobcat, Boxer, Mustang, Gehl, Cat, Wacker Neuson, Kanga and Avant Tecno.
Strategic review: UK rental company Hewden is undergoing a major restructuring and is the subject of a major review by owner Finning International. Murray Pollok talked to Hewden general manager Kevin Parkes.
Terex is to use the proceeds of the sale of its mining division to Bucyrus to pay off debts and make acquisitions of niche manufacturers. Terex said the US$1.3 billion sale signified a shift in strategy from being a construction and mining equipment company to a machinery and industrial products business focusing on niche markets.
Aggreko said that a better than expected final quarter of the year - particularly from its international power projects division - would push its revenues for the year up 7% to over £1 billion and operating profits up 27% to £260 million. On a constant currency basis, revenues are 5% down and profits 4% up.
Japan’s Sumitomo Corp has acquired a US$50 million investment in Sunstate Equipment Co, giving it a minority shareholding in the business. The funds will be used to strengthen Sunstate's balance sheet and capitalise on growth opportunities.
A national UK rental company is one of the several organizations that have expressed an interest in acquiring the Hewden business from Finning International. The Canada-based Caterpillar dealer is currently engaged on a strategic review of Hewden but no decision has yet been reached on whether to sell or retain the business.