Shareholders approve Verticon sale

The Verticon Group in Australia announced on 28 May that its shareholders approved the sale of its Australian crane and hoist rental division to D&G Hoists & Cranes (Aus) Pty Ltd.

Following the 28 May shareholder meeting, completion of the AU$12 million (US$8.5 million) sale was scheduled for Monday 1 June.

"The D&G business from June 1^st becomes one of the largest hoist and tower crane rental companies in the Asia Pacific region and certainly by far Australia's largest tower crane and hoist hire company," said Gino DeCesare, D&G Hoist and Crane Hire managing director.

For more details see Verticon goes to D&G Hoist & Crane Hire in the May issue of International Cranes and Specialized Transport magazine or at the following link: Verticon sold to D&G Hoist and Crane Hire