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”

Global construction equipment overview

Construction equipment is a classic cyclical market, prone to sharp swings in demand.

Global equipment sales
Global construction equipment sales by region, units sold

When construction, mining and quarrying activity pick up sales surge, lead times stretch out and manufacturers can struggle to fulfill orders. But when activity slows, sales can fall away sharply Continue reading “Global construction equipment overview”

Bobcat completes telehandler range

Bobcat has completed its range of telehandlers with the addition of the 8m TL43.80HF and 7m TL30.70 models.

Bobcat TL43.80HF Telehandler
Bobcat TL43.80HF Telehandler

The new TL43.80HF has a maximum lift capacity of 4.3 tonnes and can reach a maximum lift height of almost 8m. Alongside it, Bobcat released the TL30.70, which provides a lift capacity of 3 tonnes and a lift height of almost 7m. Continue reading “Bobcat completes telehandler range”

HITACHI CELEBRATES GRAND OPENING OF NEW U.S. CORPORATE HEADQUARTERS

New $4 million facility will support Hitachi’s plans to expand wheel loader market in North America

June 29, 2018 – Construction Equipment
Hitachi Celebrates Grand Opening of New U.S. Corporate HeadquartersHitachi Construction Machinery Loaders America Inc. (HCMA) celebrated the grand opening of their new U.S. corporate headquarters in Newnan, Georgia, with employees, local dignitaries, business partners and members of the media on June 1, 2018. Continue reading “HITACHI CELEBRATES GRAND OPENING OF NEW U.S. CORPORATE HEADQUARTERS”

Eighty tonnes in a single scoop: Mega-mining iron ore

Iron ore being mined in Western Australia
Australia is the world’s largest producer of iron ore

It is the rock that has fortified Australia’s recession-defying economy.

Iron ore has helped to raise living standards in the country, supercharge pension funds, and bankroll governments. It is the key ingredient of steel, and is Australia’s most lucrative export.
Continue reading “Eighty tonnes in a single scoop: Mega-mining iron ore”

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”

Deere to acquire Wirtgen Group for €4.6 billion

US  machinery giant aiming to establish leadership position in road construction equipment

Deere to acquire Wirtgen Group for €4.6 billionDEERE & Company (John Deere), the Illinois-based agricultural equipment manufacturers, have signed a definitive agreement to acquire the Wirtgen Group for €4.357 billion in cash. Including debt and other considerations, the total enterprise value for the deal is €4.6 billion (US$5.2 billion). Continue reading “Deere to acquire Wirtgen Group for €4.6 billion”