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Industry News - Page 494 of 734

  • KINSHOFER Realigns Company To Better Serve North American Contractors

    KINSHOFER is unveiling the company’s realignment of all KINSHOFER GROUP companies currently operating in North America at the company’s booth (F2732, Festival Grounds) at ConExpo-Con/Agg. The strategic refocus is based on the primary needs of the customer to ensure KINSHOFER remain as easy as possible to do business with.

    Thomas Friedrich, Group President and CEO, explains: “Since 1980, KINSHOFER have been present in the US, seeing constant growth through organic R&D. On top of that, we’ve acquired several businesses that have added companies in the US and additional product that had to be integrated into the range. We’ve realized the time is right to refocus our distribution and realign our overall offer to better serve our customers.”

    For forty years, KINSHOFER have been offering the widest range of attachments to the US – the realignment will simply mean better access to the range for North American customers.

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    Jan 14, 2020 - 6 years ago

  • KEESTRACK on CONEXPO-CON/AGG 2020:

                                                                                                                                                       

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    Jan 14, 2020 - 6 years ago

  • Wajax Announces Acquisition Of Northpoint Technical Services

    Wajax Corporation (“Wajax” or the “Corporation”) recently announced that it has acquired all of the issued and outstanding shares (the “Shares”) of Calgary, Alberta-based NorthPoint Technical Services ULC (“NorthPoint”). The Shares were acquired from an affiliate of Denver, Colorado-based Lion Equity Partners for an aggregate purchase price of $18 million.

    NorthPoint was formed in 2018 as a national electro-mechanical services provider and serves a broad range of resource and industrial customers. Specializing in the repair of rotating industrial equipment, including motors, generators, gearboxes, switchgear, transformers, pumps, fans and turbines, NorthPoint operates nine branches across Canada and employs approximately 177 people. Northpoint’s branches are located in Grand Prairie and Calgary, Alberta; Regina, Saskatchewan; Winnipeg, Manitoba; Kirkland Lake, Sudbury and Sarnia, Ontario; Moncton, New Brunswick; and St. John’s, Newfoundland.

    Transaction Highlights

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    Jan 14, 2020 - 6 years ago

  • Case IH Earns Three 2020 AE50 Awards For Innovation

    Awards spotlight AFS Connect Magnum series tractor and new planting and seeding advancements

    The American Society of Agricultural and Biological Engineers (ASABE) will present three AE50 awards to Case IH for outstanding agricultural innovations. The annual recognitions further solidify Case IH as an industry leader in Agronomic Design and product engineering. Award-winning innovations for 2019 include:

    •    AFS Connect Magnum series tractor

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    Jan 14, 2020 - 6 years ago

  • Volvo Group And Isuzu Motors Intend To Form Strategic Alliance

    The Volvo Group and Isuzu Motors recently signed a non-binding Memorandum of Understanding with the intent to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing transformation of the industry.

    In a first step, the intention is to establish a global technology partnership and to create a stronger, combined heavy-duty truck business for Isuzu Motors and UD Trucks in Japan and across international markets. This will entail transferring ownership of the complete UD Trucks business globally from the Volvo Group to Isuzu Motors in order to accelerate growth by leveraging greater volumes and complementary capabilities. There is great complementarity between the two Groups from both a geographical and product line perspective, with further opportunities to be explored over time.

    The enterprise value for the complete UD Trucks business is JPY 250 billion (approx. SEK 22 billion as per the end of November 2019) and will be subject to the final scope of the business transferred and Isuzu Motor’s due diligence. The transaction is expected to, at the time of closing, result in a positive impact on the Volvo Group’s operating income of approximately SEK 2 billion and increase the Volvo Group’s net cash position by approximately SEK 22 billion.

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    Jan 14, 2020 - 6 years ago

  • CASE Wins 2019 Good Design Award for Methane-Powered Wheel Loader Concept, ProjectTETRA

    CASE Construction Equipment has received the prestigious Good Design Award for its methane-powered wheel loader concept from the Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies.

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    Jan 14, 2020 - 6 years ago

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