All Coates articles

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    Growth in Eastern Australia helps Coates Hire


    Australia’s Coates Hire has reported a 40% increase in EBIT profits to A$74 million (€54 million) for the six months to 31 December. Revenues were 3% up year-on-year at A$460 million (€335 million).

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    90 Hiabs for Coates


    Equipment rental specialist Coates Hire in Australia has ordered 90 new hydraulic loader cranes from Hiab. The order is worth € 2 million (US2.2 million)

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    Coates revenues stable as strategic review continues


    Coates Hire saw revenues increase by 3% in the six months to 31 December, while the strategic review of the business 'progresses'.

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    Australia's National Hire Group likely to delist


    Seven Group Holdings (SGH), the business owned by Kerry Stokes that has a 66% shareholding in National Hire Group – which owns 47% of Coates Hire – has made a A$3.00-3.60 per share offer to acquire the rest of National Hire and then de-list the company from the Australian stock ...

  • Asterios Satrazemis, the ex-United rentals executive who is now managing director of Aggreko Austral

    Australia: stimulus helps but is it enough?


    The Australian rental market was relatively lucky last year – the country’s economy was one of the few to grow, and the government helped with a substantial stimulus programme. Murray Pollok talks to renters in the country.

  • Article

    Allight goes global


    Allight Pty Ltd, the Australian lighting tower manufacturer that is owned by National Hire in Australia (and co-owner with Carlyle of rental company Coates), has developed a number of lighting products for the global market.

  • Coates has a fast-growing rental business in Indonesia.

    Coates Hire says ‘no sale’


    Coates Hire has decided against a sale of the company and said its board unanimously decided that the bids received had “failed on price”.

  • Coates and National Hire will merge their rental businesses

    Carlyle/National to buy Coates Hire


    Coates Hire is to be acquired by private equity firm The Carlyle Group and National Hire Group for A$2,2 billion, including A$525 of Coates' net debt, equivalent to A$6,70 per share. Coates had rejected two previous bids from Carlyle and National Hire, but said it is now recommending the improved offer to shareholders.