News

Trelleborg has finalized the acquisition of CGS Holding a.s., a privately-owned company with agricultural, industrial, and specialty tires, as well as engineered polymer solutions. The total cash consideration amounted to approximately SEK 10.9 billion on a cash and debt-free basis. CGS is headquartered in the Czech Republic and generated sales of approximately SEK 5.6 billion in 2015 with an operating margin […]

On June 1, Liebherr reorganized its U.S. operations and formed the umbrella company Liebherr USA Co. The existing U.S. sales and service companies will become divisions of Liebherr USA, Co. They include Liebherr-America Inc.,(including Tower Cranes, Refrigerators and Freezers),  Liebherr Components North America Co., Liebherr Concrete Technology Co. Liebherr Construction Equipment Co., Liebherr Equipment Source, Liebherr Cranes Inc., Liebherr Mining Equipment Newport […]

Åkerströms Björbo AB has won a major order worth approximately SEK900,000 from Timars Svets & Smide in Falkenberg. The order relates to the reconstruction of older trucks, including the refurbishment of 40 existing vehicles to equip them with Åkerströms’ remote control solutions. The remote control solutions will be used for functions for loading and unloading […]

Straightpoint has named Electromatic Equipment Co Inc a distributor of its force measurement, load monitoring and suspended weighing load cell equipment to the New York company’s diverse customer base. The partnership serves to complement Electromatic’s existing range of precision measuring instruments, which includes its own Checkline series of products, while contributing to Straightpoint’s ongoing expansion […]

In May 2016, Konecranes received a major order from the Siemens Wind Power & Renewables Division in Germany. The order includes 18 Industrial cranes and one gantry crane. The cranes will be delivered in summer 2017. The parties have agreed not to disclose the value of the order. “We are delighted to deliver cranes to […]

Skyjack has partnered with a new dealer, Multicrane Perkasa, to provide Skyjack lifts to Indonesia. Skyjack is expanding its Asian network to better support the rapidly developing infrastructure throughout the region. Simon Cracknell, Skyjack’s business development director for Asia, said Indonesia is a market with great potential for Skyjack. The Indonesian government is committed to more […]

On July 1, 2016, Antti Kaunonen will take over as president of Kalmar, part of Cargotec. He will report to Mika Vehviläinen, CEO of Cargotec, and be a member of Cargotec's executive board. Kaunonen currently holds the position of senior vice president, automation and project division at Kalmar.   "Antti has a wide experience of global industrial business […]

Haulotte Vostok has moved to a new location, and the company held its official grand opening at the Russian headquarters on May 26, 2016. European subsidiaries managers, and leaders of Haulotte Group joined the Russian team for the ceremony. "We are now better positioned to deliver products and provide the required sales and service support, along with […]

On Friday, Terex Corporation announced discussions with Zoomlion Heavy Industry Science and Technology Co. regarding the purchase of Terex Corporation, either with or without the MHPS segment, have been terminated. Terex also announced that the sale of its Material Handling and Port Solutions business (“MHPS”) to Konecranes will proceed. The sale of MHPS to Konecranes for approximately $1.3 billion is subject to customary regulatory approvals and […]

Hyundai Forklift has expanded its geographic footprint and dealer base with the addition of Big Lift Material Handling, Hodge Material Handling, HOJ Engineering & Sales Co., Inc., and Idaho Material Handling, Inc., as its newest authorized forklift dealers. Based in Phoenix, Ariz., Big Lift Material Handling provides warehousing system solutions, forklifts and lift truck sales and rentals. A […]