Stanley Black & Decker has entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash. Separately, the Company completed a $300 million share repurchase in July, bringing total share repurchases in 2018 to $500 million.
Matt White has joined the Bomag Americas team as manager, milling & reclamation. In this newly developed role, White will work with North American territory managers, distributors and end-users to develop programs designed to achieve growth objectives and improve customer support for Bomag cold milling machines, recyclers and stabilizers.
Generac Mobile Products is offering a new and improved MLT4060MVD LED mobile light tower. Purpose-designed for applications in remote locations and extreme environments, this light tower includes features that allow for autonomous operation. An extra-large fuel tank and low fuel consumption allow the tower to run up to 533 hours on a single diesel tank fill and a 750-hour oil change interval, minimizing maintenance costs.
Ritchie Bros. Auctioneers Incorporated reported the following results for the three months ended June 30, 2018 (All figures are presented in U.S. dollars): Net income attributable to stockholders of $45.7 million improved 159% compared to $17.6 million for the same quarter in 2017. Diluted earnings per share ("EPS") attributable to stockholders increased 163% to $0.42 versus $0.16 in the second quarter of 2017, while diluted adjusted EPS attributable to stockholders1 (non-GAAP measure) increased 27% to $0.42 from $0.33 in the same respective period.
EquipmentWatch, the industry standard for ownership and operating cost data, announces the introduction of light duty truck models to its Rental Rate Blue Book and Internal Charge Rate products. The update represents the vast majority of truck manufacturers and models found on any given construction site, including Ford, Chevy, Dodge, Nissan, Toyota and more.
Terex Trucks has updated its TA300 articulated hauler with the introduction of a new and improved transmission. The 28-tonne (30-ton) workhorse will now incorporate the latest EP320 transmission from ZF as standard. This results in a 5% improvement in fuel efficiency, as well as enhanced performance and productivity, when compared to the previous model working in the same application. The new transmission comes with eight forward gears as well as four reverse gears, higher overall gear ratio spread, equal ratio steps between gears and optimized gear shifting with partial load shifts. All of this helps to ensure smoother gear shifting and thereby higher levels of operator comfort. The TA300 is also equipped with true independent front suspension as standard, further enhancing operator comfort and enabling excellent traction control and maximum productivity in the most challenging of conditions.
The Wacker Neuson Group reported a marked rise in revenue and earnings during the first six months of 2018. Revenue for the first half of 2018 rose 8 percent to a new record high of EUR 825 million (H1/17: EUR 764 million). Adjusted for currency effects, this corresponds to an increase of 12 percent. Revenue growth was driven primarily by continued high levels of demand in the construction market and strong performance in the European agricultural sector. Bottlenecks among some suppliers prevented machines from being completed for customer orders and this had a dampening effect. Furthermore, unfavorable currency developments, in particular the US dollar's weakness against the euro, resulted in negative translation effects.
If you dump a pile of toy bricks in front of a kid, not much time passes before they figure out how to assemble something fun. The pieces may come in different colours and sizes, but as long as they know how the bricks snap together, children will make miniature versions of just about anything they can imagine – from castles and skyscrapers to spaceships and unicorns.
The all-new 2019 Chevrolet Silverado 1500 will introduce several levels of towing features to improve customers' trailering experiences — all light-duty Silverado models have myChevrolet mobile app trailering capability and customers can add the Advanced Trailering System, which includes access to the system in-vehicle.
In March 2018 Keestrack, the Belgium-based specialist in mobile processing technology, signed a dealership agreement with JCE Co, Ltd. based in Kanagawa near Tokyo. JCE now distributes Keestrack's whole range of tracked mobile crushers and screens and provides full customer service through its nationwide aftersales network.
Construction has had a love hate relationship with carbon, but the Construction Climate Challenge (CCC) wants the industry to aim for total carbon neutrality by 2045. So here are the top 5 ways to break the habit.
Artificial intelligence (AI) is changing the way the construction industry does business. After years of hype, the technology is finally here and can boost productivity, safety and other critical aspects of business success.
Recently, manufacturers of both on-road and off-road diesel engines have come under scrutiny as significant contributors to high pollution levels, especially in urban areas. However, as President of the Diesel division of off-road engines at Kohler Co., I would like to provide some additional context to demonstrate how diesel technology has improved significantly over the years and how the technology continues to have a bright future in the off-road sector.