23.01.2007

Maxim crane works in share buy back

Maxim Crane works of Pittsburgh, the world’s largest mobile crane rental company has completed its analysis of strategic options with Goldman Sachs.

The company, which went through a Chapter 11 reorganisation in 2004 to 2005 has decided that its future is best served by continuing to streamline the business in order to gain further efficiencies while looking for bolt on acquisitions.

At the same time it has launched a share repurchase programme in order to build shareholders equity.