Tag: Economics

Terex is pleased to announce its Series B investment in Viatec, Inc., a South Carolina-based manufacturer of plug-and-play electronic power take-off (“PTO”) systems that support electrification of utility fleets. Terex is the lead investor in Series B. Other participants include...

Brandt Completes Cervus Deal, Creates International Equipment Dealer Powerhouse.Regina-based company welcomes 64 new locations across Canada, Australia, and New Zealand. Brandt Tractor a wholly-owned subsidiary of the Brandt Group of Companies,  announced that it has successfully acquired Cervus Equipment Corp.,...

The construction and contractors sector in 2020 suffered both a loss of turnover and as a consequence, reduced profits. The world-leading tiltrotator manufacturer Engcon also had a reduction in turnover, but still managed to deliver better results compared to...

As Sinoboom continues to develop as an international brand, Parisio’s role is central in leading the global marketing and branding efforts outside China, building international brand awareness. In addition, she is guiding the business development strategy for the North American...

HeavyQuip Magazine is pleased to host Marcin Krzaczkowski to discuss the needs of equipment parts businesses and introduce PartsClub – an eCommerce marketplace for parts and components. Marcin Krzaczkowski is an entrepreneur specialized in creating effective global marketplaces for parts...

Cummins Inc. announced the election of Carla Harris to its Board of Directors. Ms. Harris is Vice Chairman of Wealth Management and Senior Client Advisor at Morgan Stanley. Over her 30-year career with Morgan Stanley, her experiences include investment banking,...

Epiroc has agreed to acquire Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to mines. The solutions support mining customers in their transition to battery-electric vehicles. Meglab, based in Val-D’Or, Quebec, Canada, is a technology integrator that...

According to the world’s biggest machinery and heavy equipment auctioneers, India is emerging as an important buyer market for used Middle Eastern mobile cranes and heavy lifting equipment. In 2020, Ritchie Bros. Middle East experienced a gradual increase in...

Lintec & Linnhoff has ended its partnership with Ardent Maschinenfabrik (formerly known as Linnhoff India) as of January 7, 2021. All previous manufacturing and distribution of the company’s products through Ardent has ceased and the company is no longer...

Manitou Group has formalized its partnership with the innovative and eco-responsible company NEOLINE, which specializes in maritime transport via ro-ro cargo ships. By signing this contract, the group accelerates its ecological transition by choosing a solution that drastically...