Demag Cranes has advised its shareholders to reject the unsolicited €41.75 cash offer from Terex.
31.05.2011
It is almost certain that Demag Cranes will reject the unsolicited cash offer from Terex today and it looks unlikely that Terex will raise its bid.
30.05.2011
Terex and the GAZ group have agreed a Joint Venture to build construction and road building equipment in Russia.
Singapore based Tat Hong has reported an 18% rise in full year revenues, while profits fell 30%.
26.05.2011
Loxam BV of the Netherlands has acquired general rental company Stammis of Northern Holland from Riwal.
24.05.2011
Brazilian based rental/industrial services company Mills has reported a 96.5% rise in powered access revenues.
20.05.2011
Terex has formally launched its offer for Demag Cranes giving shareholders until the end of June to accept.
19.05.2011
The CFO of Demag cranes said yesterday that the market had already rejected the Terex takeover approach.
UK based Speedy hire's results for 2010/11 show revenues edging upwards and a growing presence in the Middle East.
18.05.2011
Ron Defeo of Terex has said that the company’s offer for Demag Cranes is full and fair - if not final.
16.05.2011
Finnish based rental company Cramo has signed a supply agreement with German based scaffold producer Layher.
The Industrial division of Linamar, which is largely Skyjack, saw revenues almost double in the first quarter.
Wisconsin based scaffold company Safway Services has acquired Atlantic Hoisting & Scaffolding of New York
US based Boom truck and material handling manufacturer Manitex, has reported first quarter revenues up 44%.
12.05.2011
Essex Crane has reported revenues up 260% for the first quarter, while losses grew by at a similar level.
10.05.2011
Ramirent has acquired Finnish based scaffold supplier Suomen Sääsuoja from its owner Pekkaniska.
French based scaffold and light equipment manufacturer Altrad has acquired UK based Beaver 84.
UK based HSS Hire Service has issued a first quarter trading statement - with revenues up 12% and EBITDA 21%.
Finnish based international rental company Ramirent has reported first quarter revenues up 20.5 %.
Demag’s largest shareholder Cevian Capital has dismissed the Terex offer for the company as “completely inadequate”.
09.05.2011
US based Essex Crane will restate its financial results for 2010 after accountants picked up an error in its tax liabilities.
08.05.2011
There have been ‘rumblings’ recently regarding possible industrial action at the UK’s largest crane hirer Ainscough.
05.05.2011
Ramirent has acquired the Czech construction machinery rental company Rent MB with locations in Boleslav and Liberec
US based Manitex has received approval to acquire the key assets of Italian port handling equipment manufacturer CVS.
04.05.2011