All Business & Finance Articles

Sumitomo acquires Aver Asia
Buyout of one of Southeast Asia’s largest rental companies to aid growth in the region 
Capstone expanding microturbine rental fleet
Company secures two new long-term rentals.
Aggreko agrees to private equity sale
I Squared Capital and TDR Capital will pay £2.32 billion for the power rentals business
Fourth quarter results signal strong industry upswing
Profits and revenues of major international equipment producers indicate a robust recovery in the global market
Herc Rentals reports ‘good momentum’ for 2021
US rental company increased 2020 net profits by 55% despite the challenges of Covid-19
Kobelco suspends excavator production in the US
Issues with US engine certification to lead to temporary suspension of some equipment at US plant
Volvo CE integrates excavators with Rototilt tech
Volvo customers could purchase excavators ready to accept tiltrotator and smart functions
Time Manufacturing completes Ruthmann acquisition
Manufacturer of Versalift products completes the deal first announced in January 
Generac has record Q4 and 2020 results
Continued robust residential product demand drives record results.
Surface mining equipment sales recover
Total number of surface mining machines delivered during the fourth quarter of 2020 increased, leading to hopes of a recovery for the sector 
Terex forecasts 12% bounce-back in 2021
Sales at Terex were down 29.3% in 2020 and the US company is forecasting 12% growth in 2021
Uptick at Manitex
Manitex is seeing an uptick in business for its PM articulating cranes, Manitex boom trucks and Valla electric cranes
JLG & Oshkosh to partner with Microvast
The new partnership between JLG/Oshkosh and Microvast looks to expand JLG’s battery technology and electrification product offerings
Hyundai ‘to grow Doosan Infracore’
Korean OEM confirms takeover of compatriot firm and expands on future plans
KHL Group and Route One agree China cooperation
KHL China will be exclusive sales representative for Route One Publishing in China
Hyundai Group seals Doosan Infracore deal
Hyundai Heavy Industries will acquire a 35% share in Doosan Infracore for €630 million
Aggreko discussing private equity sale
Power rental company considering cash offer from TDR Capital and I Squared Capital
Cummins revenues fell 16% in 2020
Company projecting full year 2021 revenues to rise 8 to 12%.
Komatsu reports consolidated sales down 17.2%
Construction remains a bright spot as demand for equipment has shown steady recovery
Daimler to spin-off commercial vehicle business
Truck and bus and passenger car segments to become independent businesses.
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