Yanmar to buy ASV

Japanese manufacturer Yanmar is to acquire US-based compact tracked and wheeled skid steer loader producer ASV for US$70.7 million.

ASV_VT-70_HighOutput
ASV’s compact tracked loaders and skid steer loaders complement Yanmar’s compact equipment portfolio

This was said to be a key part of Yanmar’s long-term international growth plans since ASV’semployee base, manufacturing and distribution facility, international distribution network and supply chain all provide a strong platform for expansion in North America. Continue reading “Yanmar to buy ASV”

Terex sells Demag to Tadano

Terex Corporation has agreed to sell its Demag mobile cranes business to Tadano for approximately US$215 million.

Demag CC 3800-1 (002)
The 650 tonne capacity Demag CC 3800-1 lattice crawler crane

The deal, which is subject to regulatory approvals, covers all terrain cranes and large crawler cranes and includes the factory in Zweibrücken, Germany, as well as multiple sales and service locations. The sale is targeted to close in mid-2019. Continue reading “Terex sells Demag to Tadano”

Dana acquires SME Group

Vehicle transmission and component company Dana Incorporated in the USA has completed the acquisition of Italian electric motor manufacturer SME Group.

Dana and SMEHeadquartered in Arzignano, SME designs and builds low-voltage AC induction and synchronous motors, inverters, and controls for off-highway vehicles, including material handling, construction and agricultural equipment. Continue reading “Dana acquires SME Group”

Hitachi Construction Machinery acquires 33.3% equity in Acme Lift

US-based re-rental specialist Acme Lift Co. has announced that Hitachi Construction Machinery Co. Ltd. Group (HCM) has acquired a 33.3 percent share of the business.

Continue reading “Hitachi Construction Machinery acquires 33.3% equity in Acme Lift”

International acquisitions for Atlas Copco

Agg-NET, December 12, 2017

Atlas Copco drill rig

ATLAS Copco are to acquire Utah-based Cate Drilling Solutions LLC for an undisclosed sum. The company, which distributes and services Atlas Copco drilling equipment, is active in the US states of Utah, Nevada, Wyoming and Idaho. Continue reading “International acquisitions for Atlas Copco”

Deere complete acquisition of Wirtgen Group

John DeereDEERE Company (John Deere) have completed their €4.6 billion acquisition of the Wirtgen Group, the world’s leading manufacturer of road construction equipment.
Continue reading “Deere complete acquisition of Wirtgen Group”

Hitachi follows Bradken acquisition with H-E Parts buy

By Paul Moore, 23rd December 2016 on IM-Mining

Hitachi Construction Machinery buying Bradken

Bradken has agreed to a takeover bid by Japan’s Hitachi Construction Machinery (HCM) in a deal analysts say may indicate the worst of the mining downturn has passed. Yuichi Tsujimoto, HCM President said his company believes Bradken’s “businesses are complementary with our mining equipment services business. Both companies leveraging each other’s global network will enable us to strengthen our combined businesses and enhance our earnings.” Continue reading “Hitachi Construction Machinery buying Bradken”

Hitachi Expands Its Mining Business by Acquisition of Wenco

3 Jul, 2009, as published on the Hitachi CM Global site

Hitachi Construction Machinery Co., Ltd. (Tokyo Stock Exchange, First Section)(“HCM”) announced that it will expand its mining business, particularly in resource rich regions of the world.

HCM has made a strategic investment and purchased a significant interest in Wenco International Mining Systems, Ltd. (“Wenco”). Wenco is a leading producer of fleet management systems and an innovator of technology to improve mine operation efficiency. Continue reading “Hitachi Expands Its Mining Business by Acquisition of Wenco”