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Industry News - December, 2019 - Page 3 of 5

  • Doosan Bobcat Enters North American Landscape Equipment Market With Acquisition Of BOB-CAT

    -Acquisition of the Mower business following the compact tractor launch accelerates entry into grounds maintenance industry
    -Expecting Synergy from diversified products and new channels


    On December 2, 2019, Doosan Bobcat Inc. announced the plan to acquire the Zero-turn-Mower business of the BOB-CAT, Steiner and Ryan brands from Schiller Grounds Care, Inc. The estimated purchase price is USD 82mil and transaction is expected to close by the end of year.
    North America's ZTR market stands at approximately 810,000 units per year, $ 4.8 billion and has grown at an average annual growth rate of 7.8% over the past five years. Doosan Bobcat aims to settle early in the market based on its high brand awareness and dealer capabilities.
    Doosan Bobcat secured ZTR Mower products and sales network at the same time and accelerated the expansion of grounds maintenance products with the recently launched Compact Tractor. This will help expand the dealer networks in the southern and western United States, where demand for both products is high, and to expand sales of existing products in the region.
    “Mower is a must-have product to enhance our product competitiveness in the ground maintenance industry. And the acquisition will serve as an opportunity to accelerate business expansion in North America.” said Scott Park, chief executive officer and president of Doosan Bobcat. “We will focus on our capabilities to maximize synergy with existing products by rapidly expanding our business to light equipment markets through new products and channels” 

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    Dec 10, 2019 - 5 years ago

  • Drone Delivery Canada's Moose Cree First Nation Project Receives First Conditional Funding Approval

    Drone Delivery Canada Corp. (TSXV: FLT, OTC: TAKOF) (the "Company" or "DDC") is pleased to announce that on December 3rd, DDC's Moose Cree First Nation's project received the first conditional approval for one of its funding applications, which, subject to entering into a definitive agreement and satisfying any conditions imposed by the funder, would enable Moose Cree First Nation's Remote Communities Initiative to pay DDC for its drone delivery service scheduled for implementation in Q1, 2020. 

    "As 2019 comes to a close, I am pleased to report the first financial approval for one of many remote community opportunities we are pursuing," said Michael Zahra, President & CEO of DDC.  "Looking ahead to 2020, DDC will actively seek to close more customers in many different business verticals both in Canada and abroad".

    About Drone Delivery Canada Corp.

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    Dec 10, 2019 - 5 years ago

  • Penske Truck Leasing Celebrates 50th Anniversary

    Penske Truck Leasing (“PTL”) marked its 50th anniversary On Dec 1st.

    Penske Truck Leasing was founded in 1969 by Roger Penske in Reading, Pennsylvania. The company was created through the acquisition of a car and light truck rental and leasing business with three locations in eastern Pennsylvania. To help commemorate the company’s 50th anniversary, the Pennsylvania State Senate declared December 1, 2019, as Penske Truck Leasing Day.

    Through the years, PTL has grown its business both organically and through acquisitions. Today, the Company generates $8.4 billion in annual revenue and operates a global platform that includes 1,100 locations, 37,000 associates, and a fleet of 326,000 vehicles.

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    Dec 9, 2019 - 5 years ago

  • CASE Announces CX350D Long Reach Excavator

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    Dec 9, 2019 - 5 years ago

  • Maxim Pancake Breakfast Raises Over $27,000 for Christmas Cheer Board

    Now in its 19th year, Maxim Truck & Trailer held their annual charity Pancake Breakfast on December 5, 2019 in Winnipeg and raised $27,202 for the Christmas Cheer Board of Winnipeg. The event took place at Maxim's Head Office in Winnipeg and attracted over 450 guests from across the province.

    Along with the cash donation, the event also gathered a full palette of non-perishable food items for the Christmas Cheer Board and made a large donation of surplus food to Siloam Mission.

    "I believe if you have the capacity to give, you should," says Maxim President Troy Hamilton. "Whether it's time or money, it's important to me our company has a culture of giving back." Funds raised were from Maxim employees, customers, suppliers and friends who helped make the annual event such a big success.

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    Dec 9, 2019 - 5 years ago

  • CASE Sponsors, Featured in “Military Makeover” Television Series

    CASE Construction Equipment sponsored and participated in the latest season of the Lifetime Network show “Military Makeover”, which debuted on November 8, 2019. The show, hosted by Montel Williams, enlists “designers, contractors, landscapers and other home improvement professionals to transform the homes and lives of military families across the country.”

    This new season — the show’s 20th — focuses on Steven Wojcik and his family in Strum, Wisconsin. Wojcik, who had served four years of active duty with the U.S. Marines and, to date, sixteen years in the Army Reserves, earned the Purple Heart for injuries sustained in combat, the Meritorious Service Medal, and the National Defense Service Medal. He continues to serve his community today as a Wisconsin State Trooper.

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    Dec 6, 2019 - 5 years ago

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