German crane rental and heavy haulage company Dietmar Flossdorf has taken delivery of a 650 tonne Liebherr LTM 1650-8.1 All Terrain crane to replace its 500 tonne LTM 1500-8.1 purchased in 2017. Continue reading “650t flagship for Flossdorf”
Category: Acquisition
Sandvik to buy DSI Underground for €943m
Sandvik has agreed to buy DSI Underground from Triton for €943 million. DSI is a €500 million revenue business that provides ground support and reinforcement technology for underground mines and tunnels.
DSI, which will become part of Sandvik’s Mining and Rock Solutions division, was originally part of the German-based DYWIDAG construction business, which more recently operated as DYWIDAG-Systems International (DSI). It has been owned by European private equity business Triton since 2011.
DSI has 2,000 employees and is active in 70 countries, with 20 production facilities.
DSI Underground’s business includes tunnel reinforcement.
“This acquisition is an important step in our growth ambition”, said Stefan Continue reading “Sandvik to buy DSI Underground for €943m”
Vermeer buys Normag drilling technology
Vermeer Corp. announced it has acquired electric-powered horizontal directional drilling (HDD) and fluid systems technology from Dutch manufacturer Normag. Through this acquisition, Vermeer assumes the rights to develop, manufacture and distribute the Continue reading “Vermeer buys Normag drilling technology”
Hyundai Heavy closes in on Doosan Infracore acquisition
A consortium led by South Korean shipbuilding giant Hyundai Heavy Industries Group (HHIG) is close to securing a 36.07% stake in compatriot construction firm Doosan Infracore, having been selected as the preferred bidder. Infracore is the heavy construction division of the Seoul-headquartered Continue reading “Hyundai Heavy closes in on Doosan Infracore acquisition”
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.
Terex sells Demag to Tadano
Terex Corporation has agreed to sell its Demag mobile cranes business to Tadano for approximately US$215 million.
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.
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”
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”
Hiab to acquire Effer
Swedish on-road load handling equipment provider Hiab has entered into an agreement to acquire the Effer loader cranes business from the CTE Group for an enterprise value of EUR 50 million.
The acquisition is part of Hiab’s stated strategy to renew and expand its loader cranes portfolio with the aim of becoming market leader.
The acquisition comes on the back of Hiab’s acquisition of Argos loader cranes in Brazil Continue reading “Hiab to acquire Effer”
International acquisitions for Atlas Copco
Agg-NET, December 12, 2017
Firm to acquire Cate Drilling Solutions LLC in the US and Rockdrill Services Australia Pty. Ltd
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
AGG-NET Friday, December 8, 2017
US farm machinery giant establishes leading position in road construction equipment
DEERE 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
As reported in Nikkei Asian Review, Hitachi Construction Machinery has acquired two suppliers of parts and services for mining equipment with operations in the US and Australia, continuing its expansion into the support business amid sluggish demand in its mainstay machinery market.
Continue reading “Hitachi follows Bradken acquisition with H-E Parts buy”
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”