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Ramirent reported a 20.5% increase in sales to €134.4 million for the first quarter of 2011. Profits before interest and tax were €2.7 million, compared to a loss of €5.6 million in the same quarter in 2011.
Pekkaniska has sold its Finnish weather protection and scaffolding business to Ramirent. The management and staff of Suomen Sääsuoja Oy will transfer to Ramirent and the price has not been disclosed.
HSS Hire’s revenues in the first quarter of 2011 grew by 12% to £46.9 million with EBITDA profits up 21% to £11.2 million. HSS said its results were “strongly ahead of market performance”.
ALH's annual listing of North America's largest telehandler-owning rental fleets shows stability.
The International Construction and Utility Equipment Exposition and Demo Expo will open advanced registration on June 8 for its Oct. 4-6 trade show in Louisville, KY.
Cramo's sales grew by 42.2% to €144.2 million in the first quarter of the year, including a €10.6 million contribution from the newly acquired Theisen business in Germany, which was added to the results from 1 February. Strip out Theisen and the growth was 32%.
Altrad, the French scaffolding and light equipment company, has acquired UK scaffolding, fencing and groundworks specialist Beaver 84 for an undisclosed sum. Beaver 84 was sold by its parent company, SIG Trading Ltd.
Ramirent has acquired RENT MB sro, a small rental business in the Czech Republic with two depots. RENT MB was founded in 2003 and has rental depots in Mlada Boleslav and Liberec.
The theme for the 2011 Europlatform Conference is Financing Growth. The speakers, to be announced shortly, will cover the ways and means of investing in your business to create the most profit.
Research work is now underway for the sixth International Rental News IRN-100 survey of the top 100 equipment rental companies in the world.
Wacker Neuson has opened a used equipment centre in Gotha, Germany, that will sell equipment from its own rental fleet as well as traded-in models.
The European Rental Association (ERA) has assembled a remarkable line-up for the ‘Manufacturers’ Round-Table’ discussion on the opening afternoon of its Amsterdam annual convention with the CEOs of United Rentals, JCB, Loxam, Manitou and Boels Verhuur all taking part.
Hertz Equipment Rental Corporation (HERC) has opened its first rental depot in the Middle East. The location is in Damman, Saudi Arabia, and it is a joint venture with local company Dayim Holdings Co.
JLG Industries sales grew by 72.7% to US$471.2 million for the three months to 31 March – JLG’s second quarter – and the business returned to profitability. The company’s backlog at the end of the quarter almost tripled to $596 million compared to a year ago. Operating profits were $17.7 million for the quarter.
Komatsu Ltd in Japan is to buy-out its majority-owned Japanese rental subsidiary, Komatsu Rental, take on its debts and create a new, debt-free rental business.
Lois Boyd replaces retiring Gerald Plescia as president of Hertz Equipment Rental
Ramirent has signed an agreement with the Finnish House Owners' Association (Suomen Omakotiliitto) that will see Ramirent provide discounted rental services to the association’s 73000 homeowner members. The agreement covers the period 2011-2012.
Portable accommodation giant Algeco Scotsman has acquired Speedy's loss-making UK accommodation rental business for £34.9 million, including 14 leased depots.
Terex AWP's (Aerial Work Platforms) net sales for the first quarter of 2011 increased $161.1 million, (74.7%), to $376.8 million compared to the first quarter of 2010 and backlog has risen a massive 123%.
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