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KHL

 •  December 12, 2017

Confidence in the commercial construction industry is strong, despite significant concerns around jobsite efficiency and labor productivity, according to the Q4 2017 USG Corporation + U.S Chamber of Commerce Commercial Construction Index. The Index shows that optimism remains high in the commercial construction industry, with 57% of contractors...

KHL

 •  December 11, 2017

Guangxi Liugong Machinery Co., Ltd (LiuGong) have announced a 546 million YEN (US$82 million) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd. (Jintai) which was formerly held by Guangxi Liugong Group Corp. The deal can be traced back to May 2011 when LiuGong Group, parent company of LiuGong, signed a strategic...

KHL

 •  December 11, 2017

Mateco has acquired Kohler Arbeitsbühnenvermietung’s aerial platform rental divisions in Germany and Switzerland. Part of the TVH Group, Mateco said its new location in Rheinfelden would offer its customers a wider rental equipment offering and range of services. The Swiss division of Kohler will be transferred to the newly-founded Mateco...

KHL

 •  December 11, 2017

Japanese rental company Kanamoto has announced annual revenues of JPY158,428 million (€1.19 billion) for the period 1 November 2016 to 31 October 2017, a year-on-year increase of 9.4%. The company’s operating profit for the year was JPY16,665 million (€124.7 million), which represents an increase of 10.1% compared to the same period a year...

KHL

 •  December 11, 2017

China-based MEWP manufacturer Dingli has acquired 25% of US-based MEC’s shares, valued at $20 million. Dingli and MEC signed the deal on 1 December, which it says represents the growing pace of the Chinese producer’s international expansion. It follows last year’s $20 million deal with Magni in which Dingli took a 25% stake in the Italian...

KHL

 •  December 6, 2017

The subject of how technology and environmental change are shaping the future of the construction industry were discussed by CECE (the Committee for European Construction Equipment) and Volvo Construction Equipment (CE) on a recent visit to the manufacturer in Sweden. The visit was led by the association’s secretary general, Riccardo Viaggi, and...

KHL

 •  December 6, 2017

The board of directors of Manitou BF has unanimously voted to renew the contract of Michel Denis as president and CEO of the company for a further four years, until the Annual General Assembly in 2022, which will approve the financial statements of 2021. Jacqueline Himsworth, president of the board said, “We wish to thank Michel Denis for the work...

KHL

 •  December 5, 2017

Ramirent has signed an agreement with the European Investment Bank (EIB) to loan €50 million, in a bid to strengthen its business. The money will help Ramirent to change the industry’s traditional culture of machinery ownership, the company said, as well as improve the industry’s productivity and safety on construction sites. As of 30 September,...

KHL

 •  December 4, 2017

An investigation into Vp plc’s proposed acquisition of Brandon Hire is underway by the Competition & Markets Authority (CMA), Vp has announced. The deal was agreed on 8 November for a purchase price of £41.6 million (€47.12 million), and Vp said it conducted a detailed due diligence exercise, including assessing potential competition...

KHL

 •  December 4, 2017

A CEO has been added to the management structure of formwork and scaffolding company Peri, with Dr Rudolf Huber, currently chairman of the advisory board, taking over the newly-created position. The shareholders and the advisory board of the Peri Group decided to change the management organisation of the German-based, family-owned company. From 1...