Japanese manufacturer Yanmar is to acquire US-based compact tracked and wheeled skid steer loader producer ASV for US$70.7 million.
Construction equipment is a classic cyclical market, prone to sharp swings in demand.
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 has completed its range of telehandlers with the addition of the 8m TL43.80HF and 7m TL30.70 models.
New $4 million facility will support Hitachi’s plans to expand wheel loader market in North America
June 29, 2018 – Construction Equipment
Hitachi 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”
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”
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”
US machinery giant aiming to establish leadership position in road construction equipment
DEERE & 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”