All Business & Finance Articles

Melbourne-based Traffic Technologies Ltd (TTI) is to sell its traffic equipment rental business to Coates Hire for A$2.5 million (€1.92 million).

AEM outlook survey forecasts strong 2011 sales but slower growth from 2012 to 2014

Highlift Equipment Ltd, a full service equipment distributor operating in Cincinnati since 1968 has acquired the assets of Valco Equipment Inc. of Canton, Ohio. Valco Equipment Inc. has been a distributor of telehandlers, scissor lifts and boom lifts for more than 24 years.

Ramirent is to acquire Swedish portable accommodation rental company Consensus Entreprenad.

Kubota Tractor Corp has teamed up with Compact Power Equipment Centers (CPEC) to supply excavators and compact backhoe loaders for its Home Depot rental locations.

The ERA/IRN RentalTracker survey for the fourth quarter of 2011 is ready to complete and is now in available in six languages - English, French, Spanish, Italian, German and Russian.

Online auctioneer of heavy equipment and trucks, Ritchie Bros Auctioneers announced on December 7 that its online equipment sales for 2011 had exceeded US$1 billion.

Ashtead Group’s operating profits jumped by 83% to £63.4 million for the three months to 31 October driven by an almost doubling of profits at Sunbelt Rentals in the US.

MVS Zeppelin, the Cat Rental Store in Germany, said it remains committed to expanding its rental service business model and will increase the proportion of non-Cat ‘allied equipment’ in its fleet in the coming years.

In addition to the 45 new Socage truck-mounted platforms that Access International recently reported being added to the Nacanco fleet. The Italian aerial platform specialist has bought 30 Braviisol Leonardo vertical mast machines and ten 8m Genie booms.

The Lavendon Group has decided to bring its three UK rental businesses under a single brand, Nationwide Platforms.

In this six minute podcast, Murray Pollok, Editor of International Rental News (IRN), looks at the findings of the recent ERA/IRN RentalTracker survey for the third quarter of 2011, and reports also on the results of the 'Rest of the World' survey.

The Italian rental market will fall in value by a projected 5% this year according to the latest rental market study prepared by Assodimi, the Italian association for rental and distribution.

Australia’s National Hire – which owns a 46.1% share of Coates Hire – has finally been fully acquired by Seven, the company run by Kerry Stokes.

HSS Hire has been appointed exclusive plant outsource provider to Simons Group in the UK.

Former Cramo chief executive officer Gunnar Glifberg will be one of the two new inductees into the American Rental Association’s Rental Hall of Fame.

United Rentals has acquired Blue Mountain Equipment Rental Corp, a company with three locations in Pennsylvania and West Virginia.

Kiloutou has announced another French rental acquisition, buying Top’Loc, a Lyon-based company with 18 depots and 120 employees.

Sunbelt Rentals has purchased all of the assets of California-based Pacific High Reach and Equipment Services, Inc. for $17.4 million under Section 363 of the Bankruptcy Code. This includes approximately 1,200 pieces of rental equipment, from aerial lifts to generators, and roughly 35 vehicles. The deal was approved in bankruptcy court on Nov. 15 and closed Nov. 18.