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Brookfield Asset Management, a Canadian asset management company focused on the property, power and infrastructure sectors, has submitted an all cash offer to acquire Multiplex, which has been approved by the Australian contractor’s Board. The company will pay AU$ 5.05 (US$ 4.14) per share for Multiplex, for a total transaction value of AU$ 4.3 billion (US$ 3.52 million). According to Brookfiel . . . more | |||||
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 New CEO for Saint-GobainSaint-Gobain has apponted Pierre-André de Chalendar, as its CEO. The out-going CEO, Jean Louis Beffa stays with the company as chairman of the board of directors. Mr de Chalendar joined S . . . more |
| Hotel construction to reach US$ 3.39 trillion Investment in the Middle East’s hotel industry and supporting infrastructure is expected to reach US$ 3. 39 trillion by 2020, according to a report by policy institute Global Futures and For . . . more |
| NYC construction to top US$ 25 billion in 2007 Construction spending in New York City (NYC), New York, US is expected to top US$ 25 billion in 2007, thanks to strong demand for office space and an increase in government spending on infra . . . more |
| Australian construction decline continues Australia’s construction sector suffered further deterioration in May, underpinned by renewed weakness in the house building sector. The latest Australian Industry Group – Housing Industr . . . more |
| H&E buying J.W. Burress H&E Equipment Services will acquire J.W. Burress in the US. The acquisition is subject to several conditions, including obtaining third-party agreements from equipment manufacturers and vend . . . more |
 Bisso extraction recordIn the US Bisso Marine has claimed a salvage record for an operation in the Gulf of Mexico. It used its 3,000 US ton pulling and 5,000 ton lifting (2,721 and 4,536 tonne, respectively) capac . . . more |
 All takes Tadano ATsIn the US, All Erection & Crane Rental Corp. has taken delivery of three new Tadano all terrain cranes. The 130 US ton (117 tonne) capacity ATF110G-5 all terrains on five axles are the first . . . more |
| Cranes at Big5 Middle East Middle East construction and contracting exhibition, the Big5, will take on a new dimension this year. November’s annual expo in Dubai will offer a large-scale sister event called the Big . . . more |
| HSS bought by US-UK private funds HSS has been sold by private equity company 3i for £310 million (€460 million) to the Aurigo investment firm led by ex-Asda chief executive officer Archie Norman and US fund Och-Ziff Capital . . . more |
| ERA backs European rental show The European Rental Association (ERA) is supporting the creation of a new exhibition for the European rental industry and is currently in discussions with KHL Group – publisher of IRN - and . . . more |
 Kranpunkten buys first NiftyliftsNorwegian access rental company Kranpunkten AS has added Niftlift platforms to its fleet, in Oslo, for the first time. The company has bought a 12 m working height Nifty 120T trailer-mounted . . . more |
 Riwal opens up in NorwayNetherlands access rental company Riwal established a Norwegian subsidiary at the beginning of June. Based in Oslo, Riwal Norge AS will be run by Kristian Langseth (pictured), formerly of re . . . more |
 Coliseum ImplosionCharlotte's famous Coliseum in North Carolina, US, has been successfully brought to the ground by implosion. Last week (June 3) teams from CST Environmental, the main demolition contractor, . . . more |
 World PremierTerex Pegson will give a world premier to its new XV350 VSI (vertical shaft impactor) crusher (pictured) at the Hillhead show in the UK at the end of this month (June). The new unit feat . . . more |
 The cutting edgeUS-based Vermeer has enhanced its stump cutter line with the addition of a patent-pending Yellow Jacket cutting system. According to the company, the new system features universal "indexable . . . more |
 Dreamland demolition ?One of the UK's historic fun parks, and what was its oldest working roller coaster, is facing demolition. Dreamland in Margate in Kent has closed indefinitely and its future looks bleak. . . . more |
| Residents stop demolition Demolition work on an old residential area in Beijing has been halted after residents voted against the scheme under current compensation terms. The Jiuxianqiao area in the northeast dist . . . more |
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