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Ingersoll-Rand has said it is looking to sell its Bobcat subsidiary and other construction equipment businesses, including the Utility Equipment and Attachments operations, saying they no longer fit the company’s long-term strategy. The company says that if it can't find a buyer for the businesses, it may spin them off to its shareholders. These businesses collectively generated some US$2.6 bil . . . more | |||||
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| PAI to buy Kaufman & Broad French private equity group PAI partners has agreed to buy the 49% share in French house builder Kaufman & Broad, currently owned by US residential builder KB Home. PAI will pay € 55 per sha . . . more |
| Colombia plans railway expansion Colombia's national government is working on the technical and financial design for planned railway projects in the cities of Bogotá, Medellín and Cali, local paper El País reported. Tra . . . more |
| Bam looking for US sale Dutch contractor Bam Group has said it is in discussions to sell its US subsidiary Flatiron Construction Corp., which is based in Longmont, Colorado. The potential buyer is said to be an “in . . . more |
| Abu Dhabi development controls The Abu Dhabi government has launched an urban planning initiative in order to take greater control over escalating development in the emirate, according to on-line news service, Arabian Bus . . . more |
| Leighton and Emaar form Indian JV Leighton Asia (Southern) and Emaar MGF have agreed to form a 50:50 joint venture, Leighton Construction India, to handle US$ 2.5 billion worth of design and construction work in India over t . . . more |
| Heidelberg raises € 500 million Heidelberg Cement has issued 4,4 million new shares to VEM Vermögensverwaltung, a subsidiary of the Merckle pharmaceutical group, at a price of € 114 each. The company says the cash proceeds . . . more |
| Coast Crane aquired In the US Coast Crane Company has been bought by Northwest Capital Appreciation and GE Asset Management. According to the Puget Sound Business Journal, Northwest Capital acquired the Seat . . . more |
| Irish Mantis sells in US Tower crane company Mantis Cranes in Ireland has secured a deal with Celtic Self Erecting Cranes in the US, worth just over Euro2million ($US2.7 million). The Donegal-based supplier and m . . . more |
| Baden and James join forces Australian all terrain crane specialist GM Baden has been acquired by Brisbane-based James Equipment. Peter Shelton, James Equipment general manager, said the two companies would compleme . . . more |
 Vanson’s new lufferThe LCL 20.1 hydraulic luffing tower crane is one of two new Vanson tower cranes on show at the UK’s SED construction equipment exhibition. SED runs from 22 to 24 May at Rockingham, Northamp . . . more |
 Hiab loaders on China RailwayChina Railway Construction Corporation, the second biggest railway corporation in China, has ordered 23 Hiab XS 288 hydraulic loader cranes. The cranes will be first used to help construc . . . more |
| Coates Hire considers sale Coates Hire in Australia announced in early May that it was undertaking a “review of strategic options” after receiving a number of approaches from potential buyers, including private equity . . . more |
 Wiron unveils rust-free site hutsWilliams Scotsman’s Spanish accommodation rental subsidiary, Wiron, launched a range of stainless steel portable buildings at the Construmat exhibition in Barcelona, Spain last week. The . . . more |
 New Tsurumi pumps save energyA new range of contractor pumps from Tsurumi that incorporate electrode water sensors to save the energy of prolonged dry running could offer environmental benefits. The Japanese manufact . . . more |
| Euroloc confirms Nacanco buy Euroloc has confirmed its acquisition of the Spanish business of access renter Nacanco, and will own 75% of Nacanco with an option to acquire the outstanding 25%. The sale does not includ . . . more |
 PSE sets up UpRight FranceA new UpRight distributor for France – UpRight France – has been formed by PSE France, a subsidiary of Netherlands-based Platform Sales Europe (PSE). Sales manager at the new company is Y . . . more |
| Access-50: send your data now Access International will be publishing its 2007 Access-50 list of the world's largest aerial platform fleets in its July-August issue. We request that rental companies submit their data as . . . more |
 Redesigned – the Fuchs MHL 340DTerex Construction America has introduced a redesigned material handler in the shape of the MHL 340D, which offers higher reach, both vertically and horizontally, and faster cycle times. Thi . . . more |
| Powerscreen adds mobile screens Powerscreen has launched three new mobile screening products – two new Chieftains (the 1700 and 2100X) and the Horizon 5163. The Chieftain 1700 is a Tier III compliant two and three deck . . . more |
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