All Business & Finance Articles

Finning sells Hewden to private equity firm
Finning International has sold Hewden, its UK equipment rental business, for £110.2 million (€129.6 million) to an affiliate of Sun European Partners, the European adviser to Sun Capital Partners, the Florida based private equity company.
Mills floats on Brazilian stock market and plans expansion
Brazilian scaffolding, shoring and equipment rental business Mills Estruturas e Servicos de Engenharia (Mills) has raised R$686 million (€300 million) in a flotation on the Sao Paolo Stock Exchange.
Slow growth forecast for Polish construction in 2010
"Exceptionally severe winter" sees major decline in construction activity during Q1 2010 in Poland, with little sign of recovery
Lemminkainen to acquire Risa Rock
Lemminkäinen to acquire 90.1% majority interest in Risa Rock pending regulatory approval.
Aarsleff-BAM International JV wins Tanzania road contract
Aarsleff-BAM International JV wins TZS 136.3 billion (US$ 97 million) road construction contract in Tanzania.
Condecta to implement Sycor rental system
Swiss rental company Condecta AG is to implement a new rental software system using Sycor Rental and Microsoft Dynamics AX systems.
Acquisitions drive Holcim growth
Purchase of Cemex Australia boosts revenues, but restructuring charges in North America lead to a net loss.
Romanian rental association formed
The Romanian Rental Association (RRA) was formed on 27 April in Bucharest with 11 founding members. The founders are a mix of access, crane and lifting rental companies.
Manitowoc sales drop, backlog rises 7%
Sales for the first quarter of 2010 in Manitowoc's Crane segment were down 45.5% from a year earlier but the order backlog was up 7% from the previous quarter
World demand for asphalt to reach 108 million tonnes in 2013
World asphalt demand forecast to expand by +2.1% annually to 108 million tonnes in 2013, , according to new study by The Freedonia Group.
Strabag grows 2009 profits
Strabag SE reported sales of € 12,5 billion in 2009, up +3% on the € 12,2 billion recorded 12 months ago.
Vinci acquires Faceo
Vinci has acquired Faceo from Apax partners in a move that is intended to grow Vinci's facilities management business.
JLG sales level off as market weakness continues
JLG Industries’ sales to external customers rose by 1.5% to US$252.9 million for the second quarter of the Oshkosh Corp fiscal year. These figures exclude $737.2 million worth of inter-company sales related to JLG’s production of military vehicles for its parent company.
European construction falls
Latest figures from Eurostat show a -2,9% decline in construction output across the 27 European nations between January and February of this year.
Energyst wins major BASF rental contract
Power and temperature rental company Energyst has won a three year contract to provide temporary power and cooling equipment at BASF plants at Antwerp, Belgium and Ludwigshafen, Germany.
Cemex sales hit by weather and crisis
Cemex reported 2010 first quarter sales of US$ 3 billion, down -10% on the same period last year.
Big US renters look for second half improvement
Q1 2010 financial results from three of the largest US rental companies show continuing difficult market conditions but signs of improvement.
Bilfinger Berger wins Gateway contract
A Bilfinger Berger and Leighton Holdings consortium in Australia has won the € 160 million contract to upgrade a section of Brisbane’s Gateway motorway.
Norte Energia consortium awarded Belo Monte contract
The Norte Energia consortium led by state-controlled Companhia Hidro Electrica do Sao Francisco has been awarded the BRL 20 billion (US$ 10.9 billion) concession contract for construction of the Belo Monte dam.
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