All General Articles

Lavendon to close Spanish rental operation
Lavendon Group is to close its Spanish rental operation in the second half of this year because of the poor long-term outlook for the market.
Atlas Copco acquires Gesan
Deal will expand current power portfolio and increase presence in emerging markets
Ex-Robert Bosch executive joins Wacker Neuson as CEO
Wacker Neuson has appointed a former Robert Bosch executive Cem Peksaglam as its new chief executive officer, succeeding Dr Georg Sick who left the company last September to join Mecalac of France as chief executive.
Mixed confidence levels in European rental sector
The ERA/IRN Rental Tracker survey for the second quarter of 2011 reveals continued uncertainty in rental markets in the UK and Italy in contrast to more positive environments in France, the Nordic region and Benelux.
Paulo Balugani behind new Italian manufacturer Sky Aces
Former Oil & Steel executive Paolo Balugani and three other investors have formed Sky Aces srl, a manufacturer that will focus on producing special platforms for niche applications such as tunnels.
Universal Shanghai opens second Chinese rental branch
US operated access rental and sales company Shanghai Universal Equipment Co is playing a key role in developing access rental in China.
Zeppelin pools all rental activities in new business unit
German Caterpillar dealer Zeppelin has created a separate business unit for all its rental operations, pooling the rental activities of MVS Zeppelin in Germany and Austria with those of Zeppelin subsidiaries in Russia, Slovakia and the Czech Republic.
Ex-Aggreko chairman joins Speedy as non-executive director
Dr Chris masters, the former executive director of power rental leader Aggreko has joined Speedy Hire as a non-executive director, effective on 13 July.
3i and Pragma invest €60m in Loxam
Private equity firms 3i and Pragma Capital have invested €60 million in Loxam to acquire a minority stake in the French-based rental company.
3i and Pragma invest €60m in Loxam
Private equity firms 3i and Pragma Capital have invested €60 million in Loxam to acquire a minority stake in the French-based rental company.
Latest IRN100 rental survey shows flat revenues in 2010
The IRN100 survey covering the 2010/11 financial year indicates that global rental revenues were almost flat last year. Total top 100 company revenues were €23.49 billion last year, up just 1.2% on 2009 when corrected for currency variations.
Uni-corp opens new light equipment factory in China
Uni-corp, the Singapore-based manufacturer of Hoppt and Paclite light construction equipment, has opened a 60000 m2 production facility in Haimen, 200 km west of Shanghai.
APR Energy gets growth funds after private equity sale
UK private equity company Horizon Acquisition has bought the US-based power rental company APR Energy for US$855 and said it will provide around $275 million to fund expansion.
Ex-Godwin owner John Paz joins Trico Lift
Former owner of Godwin Pumps John Paz has made a return to the US rental market by joining aerial platform rental company Trico Lift as executive chairman of the board.
iC Yellow Table 2011 now available
International Construction's annual top-list of the world's largest construction equipment manufacturers, the iC Yellow Table 2011, is now available to buy.
Rental start-up planned for southern Iraq
Start-up company Northern Gulf Rentals will begin renting in southern Iraq before the end of the year using funds from US government development sources and private equity backers.
Japan's rental association details response to disaster
Rental industry 'a partner to the Japanese people' following disaster.
IronPlanet sees buoyant growth
Online auctioneer forecasts increased 2011 sales as buying used equipment online “becoming the norm”
JCB signs deal with Boels
Handing over ceremony for 225 machines takes place at IRE in Amsterdam
Manufacturers call for visibility
Senior industry figures optimistic on rental market prospects but call for cultural change
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