All Business & Finance Articles

Speedy has just completed an order for £3.3 million worth of JCB 8018 Mini Excavators

Sector still in decline, but pace slows thanks to increases in resource-related construction

Ramirent Sweden has been chosen by Boliden to supply rental equipment for the expansion of its Garpenberg mine.

Confidence levels in Europe's rental sector are no longer growing but there has been no collapse in business sentiment as a result of the Eurozone crisis, finds the latest ERA/IRN RentalTracker survey for the fourth quarter of 2011.

Hertz Equipment Rental Corporation (HERC) has acquired DW Pumps, a pump rental company in Northern California with annual revenues of around US$6 million.

GAP Group has been awarded a two-year sole supplier rental contract worth £2 million by City Building (Glasgow).

UK rental company Hewden has appointed Michaela Simpson in the newly created role of head of customer experience.

Following the news that one of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt, Dow Jones News services has reported that the company can begin tapping a $350 million bankruptcy loan from its big-bank lenders, mostly to pay off some of its debt.

Cramo has signed a Nordic-wide rental agreement with Swedish construction group NCC. The two have agreed to a long term commitment with the aim of improving efficiencies and reducing the total cost for equipment rental services.

One of North America's largest independent rental companies, Las Vegas-based Ahern Rentals, has filed for Chapter 11 bankruptcy in order to restructure around $500 million in debt.

Michael Kneeland, United Rentals chief executive officer, said the timing was perfect for the acquisition of RSC Equipment Rental.

MVS Zeppelin has rebranded as Zeppelin Rental, dropping the name of the Berlin company it acquired eight years ago and focusing instead on the brand of its parent, Caterpillar dealer Zeppelin.

What were the most popular rental stories in 2011 as measured by views on the www.khl.com website? Well, there are some surprises – Kiloutou’s acquisition of Top’Loc was top of the list, higher even than the same company’s much bigger acquisition of BM Location a few weeks earlier.

Coates Hire has initiated an ‘Access Push’ project in Western Australia to increase the size of its aerial platform rental fleet in response to growing demand from major projects and the mining sector.

Benjamin de Castelnau, previously sales and marketing manager at BM Location, has left the rental business following its acquisition by Kiloutou.

Ramirent has acquired Swedish rental company TLM (Tannefors Lift- och Maskinuthyrning). TLM is located in the Östergötland region and has annual sales of €8.8 million and three branches.

Demand forecast to rise +5.4% per year to 4.3 billion tonnes in 2015, fuelled by Asia Pacific growth and mature market rebound

Hewden has just signed a 12-month contract with Balfour Beatty Utility Solutions to supply operated plant in the UK.

UK-based rental software company Insphire has established a permanent US sales office, located in Houston, Texas.

Declines in Slovenia and Portugal drive 2% year-on-year fall in Europe’s (EU27) construction output in October