Industry News - Page 514 of 733

ASV Stockholders Approve Acquisition By Yanmar

ASV VT-70

ASV Holdings, Inc. (“ASV” or the “Company”) (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, announced that at a special meeting of stockholders held earlier today, ASV’s stockholders voted to adopt the merger agreement pursuant to which ASV will be acquired by Yanmar America Corporation in an all-cash transaction, which was first announced on June 27, 2019.

7,998,119 shares were voted in favor of the proposal to adopt the merger agreement, representing approximately 80.7% of the outstanding shares of ASV’s common stock entitled to vote at the special meeting and approximately 99.9% of the shares voted at the special meeting. ASV will file the final voting results with the Securities and Exchange Commission on a Current Report on Form 8-K.

Under the terms of the merger agreement, each share of ASV common stock will be converted into the right to receive $7.05 in cash, without interest. The transaction is expected to close on September 11, 2019, subject to customary closing conditions. Upon the closing of the transaction, ASV common stock will be de-listed from the Nasdaq Capital Market.

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Sep 4, 2019 - 6 years ago
Pintsch Bubenzer Brakes for Giant Semi-Submersible Crane Vessel

Pintsch Bubenzer installed Twin Safe TS800 brakes on the
main and auxiliary hoisting drive systems on the SSCV.

Sleipnir at a glance:

Boom length: 144m (from heel point to whip hoist).

Main hoist capacity—revolving: 10,000 mT between 27-48 m radius; 7,000 mT at 62m radius; and 4,000 mT at 82m radius.

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Sep 4, 2019 - 6 years ago
Hayes: King Of The West Coast

FRONT PAGE STORY: Vancouver-built Hayes heavy haulers were the king of the Canadian West Coast trucks.
By Alyn Edwards

Berend Dessau and Arnie De Jong show their vintage Hayes heavy haulers at the BC Truck Museum in Cloverdale. Alyn Edwards photo.

A ghost sign appeared on the side of an old building at 295 West 2nd Avenue in Vancouver when the building beside it was being demolished for urban renewal: Hayes Anderson Motor Trucks – a British Columbia product – Satisfactory service assures lasting satisfaction. The sign had originally been hand painted on the False Creek industrial area building in the 1930’s.

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Aug 29, 2019 - 6 years ago
Trans Mountain Re-Starts Construction on Expansion Project

Trans Mountain has issued ‘Notice to Proceed’ directives to some of its prime construction contractors triggering mobilization of the initial workforce necessary to build the Trans Mountain Expansion Project. The directives give the contractors 30 days to mobilize equipment and commence the process of hiring workers, procuring goods and services, and developing detailed construction work plans.

Construction work will soon begin in communities along the route, including along the right-of-way in Alberta between Edmonton and Edson, and in the Greater Edmonton area. This includes an immediate return to work at Burnaby Terminal and on land at Westridge Marine Terminal. Specific start dates in the remaining construction areas are subject to final regulatory approvals and permits.

“I am pleased to announce another significant milestone for the Trans Mountain Expansion Project with the commencement of construction activities and the issuance of the notice to some contractors to begin mobilizing equipment and crews in select areas in August and September 2019. With the first wave of regulatory approvals complete, we are confident that we have a path forward by which the Expansion Project construction can commence,” says Ian Anderson, President and CEO of Trans Mountain Corporation.

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Aug 21, 2019 - 6 years ago
BC Ferries Supports Whale Research At Galiano Island

Thermal imaging cameras installed for a one-year pilot project

Scientists are getting a better look at whales as they transit near Galiano Island thanks to thermal imaging cameras installed at BC Ferries’ Sturdies Bay terminal on Galiano Island. The cameras are active around-the-clock for a year-long pilot project that aims to improve the overall detection of whales in the Salish Sea, even at night.

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Aug 21, 2019 - 6 years ago
Double The Fun: 100th Birthday Party For 1919 Trucks

Iowa 80 Trucking Museum hosted a 100th Birthday party for two of its 1919 trucks on Friday, July 12th; a 1919 International Model F1 and a 1919 Pierce Arrow The event coincided with this year’s Walcott Truckers Jamboree.

“The 1919 International is the first truck Bill Moon ever purchased”, says Dave Meier, museum curator. “He kept the truck at his house under the car port. His kids played on it and Bill drove it in many parades. It was the truck that started his love of collecting.”

1919 Pierce Arrow

It’s important to note that that same model of truck was the first to climb Pike’s Peak. 1,591 of these trucks were produced. The truck has a top speed of 17 MPH.

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Aug 16, 2019 - 6 years ago