Austrian listed knuckleboom manufacturer Palfinger AG has acquired a 75% stake in Ned-Deck Marine (NDM), a Dutch manufacturer of rescue boat davits. Palfinger AG is also looking to 're-integrate' the German marine crane business owned by its founder's family.
Currently, Palfinger AG has no marine cr..
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A Liebherr 160 HC-L luffing jib crane is lifting in the heart of Hong Kong.
Rental firm Shriro Machinery Ltd is using the crane on 31 Queen's Central mixed office and retail class A tower.
The restricted site, bordered on two sides by high-rise buildings and busy thoroughfares, demanded a luffing ji..
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Yongmao Holdings, the Singapore-listed Tat Hong and Fushan Yongmao joint venture that builds Yongmao (Suncrane) tower cranes and runs a Chinese tower crane rental business, has released its unaudited 2010 results. While it has benefited from a focus on local sales and from low materials costs, decli..
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Chinese state-owned conglomerate China North Industries (CNI) has agreed to buy crane builder XCMG, which is currently owned by the local government in Jiangsu province. The deal appears to put the final nail in the coffin of international investor Carlyle Group's bid for the business.
The deal, ag..
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Boom Logistics has responded to rumours of a takeover bid from special transport, lifting and services group McAleese, and Archer Capital.Rumours of a potential bid began circulating early this week, when investment firm Archer Capital told the Australian stock exchange that its associate McAleese h..
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Chinese state-owned conglomerate China North Industries (CNI) has agreed to buy crane builder XCMG, which is currently owned by the local government in Jiangsu province. The deal appears to put the final nail in the coffin of international investor Carlyle Group's bid for the business.
The deal, ag..
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Reporting full year result to 31 March 2010, Singapore-listed Tat Hong said group revenues were down 22% to SGD495.36m, from SGD634.76m in 2009. Gross profit fell by 21%, to SGD190m, from 241m.
Over the last final quarter, however, the company reported revenue growth of 18%, from SGD110.66m to SGD13..
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Finnish crane and transport business Havator has signed two deals that will see it receive a substantial injection of capital from a new investor, CapMan, and divest non-core assets to Ramirent, while working together with the equipment hirer on certain projects. Havator's new investor says it plans..
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