All Business & Finance Articles
The high demand for houses, offices and infrastructure is giving Iceland's construction equipment rental sector a huge boost, according to Hjalti Mar Bjarnason (above), chief executive officer of construction equipment dealer, rental and materials supply company Mest.
Coates Hire has decided against a sale of the company and said its board unanimously decided that the bids received had “failed on price”.
Finning International's rental businesses in Canada and Latin America grew by 23,6% and 38% respectively in the three months to 30 June this year. Its Hewden subsidiary saw revenues in local currency grow 5,6% in the same period.
Modular Space Corp (ModSpace) in the US has formed an alliance with portable storage rental company Moveable Cubicle.
UK rental company Hewden said a survey of project site managers revealed that almost half had been given no clear environmental targets.
Cramo has entered a joint venture with Russian crane rental company ZAO Rentakran that will see Rentakran renting general construction equipment to its customers from its three existing branches in Moscow, Yekaterinburg and Krasnodar.
It was Algeco's owners who initiated the merger deal with Williams Scotsman, recently filed financial documents have revealed.
IRN Rental Share Index
The North American rental sector is still enjoying a period of buoyant demand, but are there the first signs of a slowdown? IRN takes the temperature of the world's biggest rental market.
Montreal-based Simplex Equipment Rental, which this year celebrates its 100th birthday, is going through a period of unprecedented growth. John Wyatt visited the company at its Montreal head office.
Aerial platforms are a key rental product, so it is no surprise that so many access rental companies are being acquired by other rental companies. Murray Pollok reports on the access sector.
The 2007 Access 50 listing
Unseasonably wet weather in the North and Southwest of the UK in June and July have proved a boon for Speedy Pumps, the pumps division of rental companySpeedy Hire.
How big is Europe's equipment rental market? Answering that question is the main task of the European Rental Association's Statistics Committee, and the committee has already come up with some numbers
Sizing the European rental market
People news: from the world's rental industry
Italian telehandler manufacturer Dieci has established a German subsidiary, Dieci Deutschland, located in Geiren, north of Frankfurt.
JCB has begun a £36 million (€ 54 million) project to double the capacity of its backhoe loader plant at Ballabgarh, near New Delhi, India.
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.
IRN has teamed up with rental finance consultant Jeff Eisenberg to create a set of benchmark finance figures for the global rental sector. The first set of figures - published in this issue - reveal that that the average after tax profit margin for major rental companies is 6,5%.