Restructuring the Ruthmann Group

The sale of the Ruthmann Group to the US Time Manufacturing Company was successfully completed. In this context, a restructuring of the Ruthmann group of companies also took place. As already reported in mid-February, the Ruthann group of companies was sold to Time Manufacturing Company. Time Manufacturing Company is a global manufacturer of aerial work […]

25/03/2021 - 12:16 pm

Ruthmann acquired by Time

Time Manufacturing Company (Time) has agreed to acquire Ruthmann, a manufacturer of aerial work platforms based in Germany. Time is a global designer, manufacturer, and distributor of aerial lifts primarily for the electric utility, telecommunications, infrastructure, and forestry sectors. Time goes to market via several brands, including the Versalift line of aerial lifts and digger […]

14/01/2021 - 20:33 pm

Point of Rental moves into eCommerce with RentItOnline acquisition

Point of Rental has acquired RentItOnline, a Slovakia-based online booking engine and customer app for the equipment hire industry. “RentItOnline does a great job of enhancing a hire or rental store’s customer experience,” said Point of Rental CEO Wayne Harris. “As transactions are taken care of online more than ever, we feel that RentItOnline is […]

23/11/2020 - 17:48 pm

Kito acquires Van Leusden

Kito Corporation has acquired the shares of Netherlands company Van Leusden through Kito Europe GmbH, making Van Leusden a wholly owned subsidiary of Kito. Van Leusden operates mainly in Europe, specialising in customisation technology, particularly anti-corrosion treatment of mainly manually operated hoists, trolleys, cranes and crane components for maritime and other offshore use, and spark-proof […]

02/07/2020 - 18:51 pm

LiuGong Acquires Hertz China

Herc Holdings Inc, which through its subsidiaries has operated as an international equipment rental supplier, has sold all of its interest in Hertz Equipment Rental Company Limited (AKA Hertz China), to Guangxi LiuGong Machinery Co., Ltd. Terms of the sale have not been announced. The transaction is subject to the approval of relevant government authorities in […]

02/03/2020 - 17:21 pm

Konecranes has completed the acquisition of MHE-Demag

Konecranes has completed the acquisition of Jebsen & Jessen’s 50% stake in MHE-Demag, as announced on 5 December 2019. The combined operations of Konecranes and MHE-Demag start on 2 January 2020. With the acquisition, Konecranes increases its presence and market coverage in strategically important and fast-growing Southeast Asia. In addition, the acquisition allows Konecranes to […]

02/01/2020 - 16:31 pm

Konecranes buys full ownership of MHE-Demag

Konecranes has signed an agreement to acquire the 50% stake in its MHE-Demag JV held by partner Jebsen & Jessen for approximately €147 million. The acquisition will significantly improve Konecranes’ market position in the fast-growing Southeast Asian markets, creating further opportunities for service sales and simplifying the distribution channel for industrial cranes and components. The […]

06/12/2019 - 16:27 pm

New branch Almac and new partnership in Australia

Almac, the Italian manufacturer of mini tracked aerial platforms and crawler scissor lifts has opened a new branch in Australia as well as creating a partnership with United Forklift and Access Solutions Almac reinforced its position in the Australian market with the creation of a new company – Almac Pacific Pty Ltd. The new company […]

26/03/2019 - 10:07 am

New Issue

LHA March/April 2021

In this month's issue