Terex Corporation has agreed to sell its Demag mobile cranes business to Tadano for approximately US$215 million.
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”
Manitou North America is debuting a super-compact Gehl RS4-14 telehandler at World of Concrete this week.
The machine is just under 60 inches wide and 75 inches tall and is the most compact model in the Gehl lineup. It boasts a maximum lift capacity of 4,400 pounds, lift height of 14 feet, 3 inches and outreach of 9 feet. The Gehl RS4-14 telescopic handler has four-wheel drive, Continue reading “Manitou to debut compact telehandler”
Volvo Construction Equipment (Volvo CE) has revealed that, by mid-2020, it will begin to launch a range of electric compact excavators (EC15 to EC27) and wheeled loaders (L20 to L28) and stop new diesel engine-based development of these models.
The company said that the move was being made following a positive reaction from the market after the successful unveiling of a number of concept machines in recent years, and by working closely with customers.
Vehicle transmission and component company Dana Incorporated in the USA has completed the acquisition of Italian electric motor manufacturer SME Group.
Headquartered 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”
Tokyo, Japan, October 1, 2018 — Hitachi Construction Machinery Co., Ltd. (TSE: 6305; “Hitachi Construction Machinery”) today announced it has formed an agreement with KTEG Kiesel Technologie Entwicklung GmbH (President: Toni Kiesel; “KTEG”),
Volvo Construction Equipment (Volvo CE) has unveiled its latest concept machine – known as the LX2 – at the Volvo Group Innovation Summit in Berlin, Germany.
The electric compact wheel loader prototype is said to deliver zero emissions, significantly lower noise levels, improved efficiency and reduced operational costs, compared to its conventional counterparts.