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Swepac gets new owner and plans export push
Swepac, the Swedish plate compactor manufacturer, has been sold to South End AB, a company that has holdings in a number of small engineering businesses in Sweden.
Italian construction equipment sales still falling
Crisis continues as a drop of 22.4% reported for the first three months of the year
ARA increases rental growth forecasts for North America
The American Rental Association has revised upwards by nearly 2% its growth forecasts for the North American rental industry this year.
HKL establishes rental business in Austria
German rental company HKL Baumaschinen is moving into Austria with the first of three new sites to open at the start of June. The first location, at Weiner Neudorf, close to Vienna in the east of the country, will also be HKL’s Austrian headquarters.
Speedy Hire returns to profit
Speedy Hire returned to profit for the year ended 31 March 2012 with earning before tax of £12.4 million compared to a loss of £0.7 million in the previous year.
Strong forecast from John Deere
After robust first half, US manufacturer expects to see +20% higher construction and forestry equipment sales in fiscal 2012
Liugong in Texas dealership agreement
Deal with Texada expands Chinese equipment manufacturer’s presence in US market
Niftylift shows 28m prototype and low weight HR15D
At an open day held at Towcester racecourse, UK manufacturer Niftylift demonstated two new machines: the prototype of a 28m HR28 Hybrid and a new low weight 15m diesel HR15D.
ERA reduces European rental growth forecasts
The European Rental Association (ERA) has revised downwards its growth forecasts for Europe’s equipment rental industry in the face of continued economic uncertainty in the Eurozone area.
HSS engages advisers to conduct strategic review
HSS Hire has engaged financial advisers to conduct a strategic review of its options, signalling the possible sale of the business.
Manitou UK hits 40
UK subsidiary of French group clocks up more than 46000 machine unit sales as it prepares to celebrate anniversary years
Ahern Rentals gets extra 120 days to prepare Chapter 11 plan
A bankruptcy court in the US has granted Ahern Rentals a further 120 days in which to prepare a restructuring plan as part of the Chapter 11 process. The deadline was expended from late April until 20 August.
Contrasting UK construction outlook
Official data from ONS shows strong first quarter contraction, but RICS survey returned more upbeat results
Industrial Access adds Romanian-built JLG booms
Romanian rental company Industrial Access has added the first JLG self-propelled telescopic boom lift to be made in Romania to its fleet of 800 units.
Profit doubles at Wacker Neuson
German manufacturer confirms its forecast for 2012 after a healthy start to the year.
Caterpillar to sell majority stake of third-party logistics business
Caterpillar is to sell a 65% stake in its third-party logistics division to US-based Platinum Equity for US$750 million.
Boels makes acquisitions in Belgium and Germany
Boels Rentals in the Netherlands has confirmed two more rental acquisitions in Europe. One is of a small rental business in Belgium, Loca-System, and the second is of German company Techno-rent Service, which small equipment from 450 ‘store-in-store’ rental points at builders merchants and DIY stores in Germany and other countries.
Brazil World Cup and Olympic projects intensifying says Mills
Work on World Cup and Olympic projects in Brazil is “intensifying” according to Mills Estruturas e Serviços de Engenharia SA, the formwork, scaffolding and aerial platform rental company.
European rental award winners to be announced on Tuesday night
Winner of the European Rental Awards will be announced during at the awards dinner in Oslo, Norway on Tuesday 15 May during the European Rental Association’s annual convention.
ALEC president to give rental presentation at M&T Expo
The president of the Brazilian rental association ALEC, Marco Aurélio da Cunha, will give a presentation on the Brazilian rental market at the upcoming M&T Expo exhibition.
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