Positive Construction Machinery Market in India

India is currently the only national market in Asia experiencing growing construction machinery sales. And growth is forecast for the next few years as well: Good leading indicators for BAUMA CONEXPO INDIA, which will be held from December 12 to 15, 2016 at the HUDA Ground in Gurgaon/Delhi.

According to the Construction Equipment and Building Material Machinery Association within the Verband Deutscher Maschinen- und Anlagenbau (VDMA—German Engineering Federation), India is currently the only Asian country able to point to a growing construction machinery market. Infrastructure development is commonly held to be the driving force behind this development. The Indian government and international development banks are making billions available for new roads, bridges, sea and airports, as well as railway and energy projects.

DEUTZ supplies Terex with Xchange engines  

The DEUTZ Corporation based in Georgia in the United States and Terex, the multinational manufacturer of powered access equipment, have concluded to expand their relationship to the field of reconditioning.

Under this new arrangement, DEUTZ AG’s American subsidiary will supply Terex with exchange engines for reconditioning its Genie aerial working platforms (AWP). DEUTZ sells its exchange engines under the brand name DEUTZ Xchange.

Alimak Group divests the US Rental operation to Bigge Crane and Rigging

Alimak Group, the global vertical access solution company, announces that it has entered into an agreement to divest its US Rental business with base in Atlanta, US, to Bigge Crane and Rigging

Alimak Group operates a small rental business in the US, whose origins predate the merger between Alimak and Hek in 1999. The US Rental business has been operated as a separate unit within the Alimak US operation. The divestment will allow a stronger focus on product sales as well as after sales services supporting Alimak´s entire product portfolio in the US and Canada.

“The divestment is a logical step in Alimak Group´s strategy of growth in its core business as it allows our US operation to fully focus on further expansion of our broad offering of products and aftersales services in North America. Bigge is one of America´s premier global crane companies and has been a long and valuable customer to Alimak. They have a vast experience of working with Alimak equipment and I feel confident that our existing rental customers will see benefits from the new owner”

KOMATSU strengthens presence in Germany

Komatsu Mining Germany GmbH based in Düsseldorf and the Komatsu Hanomag GmbH based in Hanover are to merge, keeping both locations, to form Komatsu Germany GmbH.
Düsseldorf/Hanover, September 2016 – Komatsu is one of the leading construction equipment manufacturers globally with its head office in Tokyo, Japan and employs around 47,000 employees in 140 companies worldwide. In Germany, the company is active in both the construction equipment sector and in the mining business.

Komatsu Hanomag was founded in 1835 as the “Hannoversche Maschinenbau Actiengesellschaft” (Hanover Machine Construction Corporation) (HANOMAG) and has been a wholly-owned subsidiary of the global corporation Komatsu Ltd since 2002. At the Hanover site, wheel loaders and mobile excavators are developed and produced. The workforce in Hanover consists of around 600 employees.

CASE announces exclusive mini-excavator relationship with Hyundai Heavy Industries

CASE Construction Equipment announces a new exclusive agreement with Hyundai Heavy Industries for the production and development of mini-excavators.

Under the agreement, which also includes OEM supply, component and spare parts supply to CNH Industrial, CASE will be able to produce models of up to five tons at its plant in San Mauro, Italy. The two companies will also start a joint development program for new models introduction. This agreement applies globally, excluding the South Korean market, and has a ten year term with the option for renewal.

Ritchie Bros. to Acquire Ironplanet

• Increases customer choice; enhances online offerings; provides penetration into large, additional segments
•Business combination expected to significantly increase growth in revenue and earnings; effectively uses strength of Ritchie Bros.’ balance sheet
•Transaction expected to be accretive to earnings within first year (excluding acquisition-related costs)
• Long-term alliance reached with Caterpillar
With more than $US3 billion in annual online equipment sales, the combined company will rank among the world’s top 50 B2B e-commerce companies
Ritchie Bros. Auctioneers Incorporated, the world’s largest industrial auctioneer and a leading equipment distributor and IronPlanet, a leading online marketplace for used heavy equipment and other durable asset sales, today jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately US$758.5 million, subject to customary closing adjustments.