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”
JCB has announced an investment of more than £50 million ($65.7 million) in a new UK plant, set to double production of cabs used on its machines
Work is under way on a 350,000 sq ft facility for JCB Cab Systems adjacent to the A50 in Uttoxeter, Staffordshire, next to two existing JCB plants. The hi-tech factory will have the capacity to produce around 100,000 cabs a year. It will include a computer controlled production line, Continue reading “Major new UK plant for JCB”