Tadano Ltd. has announced the completition of its $215 million acquisition of the Demag Mobile Cranes business on August 1st. Demag’s mobile cranes give Tadano one of the most complete ranges of lifting equipment solutions available from a single manufacturer, expanding the product line with eight lattice boom crawler crane models with lift capacities from 400 to 3,200 t, including 15 all terrain crane models enhancing Tadano’s maximum lift capacity in-segment to 1,200 t. After this acquisition, the Tadano Group’s total lifting equipment line now includes more than 80 models, including rough terrain cranes, all terrain cranes, lattice and telescopic boom crawler cranes, truck cranes, and more.
“The Tadano Group’s strategy is to become the global leader in the lifting equipment industry and the premier choice with our customers. The Demag Mobile Cranes acquisition is one vital step toward achieving that goal,” says Koichi Tadano, president and CEO of Tadano Ltd. “It expands our penetration into many markets throughout the world, adds lattice boom crawler cranes to our overall product line, and enhances the capacity range of our all terrain cranes. By working together, we can better respond to our customers’ needs and give them greater added value than ever before.”
“Demag’s dedicated stakeholders, including customers, distributors and suppliers, among others, infuse the company with great value. As our journey with Demag begins, our most immediate goal is ensuring ‘Business as Usual’ for current Demag customers,” added Mr. Tadano. “We are committed to a seamless transition that allows these stakeholders to continue with their important business smoothly and successfully, while we continue on with the Tadano Group Vision of ‘Pursuing Further Excellence for the World and Future.’”
As a subsidiary of the Tadano Group, the Demag mobile cranes business’s legal entity name will be changed to Tadano Demag GmbH in the following weeks. Furthermore, as of August 1st Demag is now led by Jens Ennen, the new CEO of Tadano Demag GmbH.
The two companies specialized in engineered heavy lifting and transport have just announced the signing of an agreement for the acquisition of ALE by Mammoet.
Paul van Gelder, CEO of Mammoet, said: “We are very happy with this agreement. Mammoet and ALE complement each other in geographical presence on all continents. Together, we have a well-balanced portfolio of activities worldwide. This enables us to improve our service proposition and create synergies, as we are able to mobilize equipment and personnel swiftly anywhere. Last but not least, Mammoet and ALE both have a strong legacy in innovations which, once combined, will enable us to grow as a technologically leading player.
Mark Harries, Group Managing Director of ALE added: “Mammoet and ALE share a strong ambition to be leading in the engineered heavy lifting and transport sector. Both companies have a strong track record and are renowned for their craftsmanship, innovations and fleet of equipment. We both have shaped the profession of heavy lifting and transport through numerous innovations in the past decades. The prospect of the two companies joining forces is very exciting.”
The closing of the transaction is subject to approval of the relevant competition authorities. Until then, the two companies will continue to operate strictly independently.
Vinci Airports completed the acquisition of a majority shareholding (50.01%) in London Gatwick airport, UK’s second-largest airport serving 50 capital cities around the world. With this transaction, Vinci Airports becomes the world’s second-largest airport operator with over 240 million passengers a year including 46 million at London Gatwick. The airport division of Vinci now operates a network with 46 airports in 12 countries.
Nicolas Notebaert, CEO of Vinci Concessions and President of Vinci Airports, said: “London Gatwick’s integration into the Vinci Airports network is an excellent outcome for both organisations. Our synergies will lead to further tangible benefits for employees, passengers and airlines. The consolidation of a world-wide, industrial leader is also a positive step for the future of air transport. As a leader, Vinci Airports will help the sector to improve through its resalent sustainable, innovative and customer-friendly airport network.”
The French shipping company CMA CGM has announced the completion of the tender offer to acquire the Dutch company CEVA Logistics, holding 97.89% of its outstanding shares. CMA CGM now has the capacity to supply all its customers around the world with a solution covering the entire supply chain, in particular LCL, airfreight, purchase order management, contract logistics and different customs clearance procedures.
“This successful transaction marks a major milestone in the history step of CMA CGM’s growth. With CEVA, CMA CGM has confirmed its position as a leading worldwide maritime transport and logistics group, supported by a team of 110,000 employees. We can now offer our customers a complete range of solutions that meet all their needs and set us apart from the competition, “ said Rodolphe Saadé, Chairman and CEO of the CMA CGM Group.
The Engie Group, active in the energy sector, has acquired all shares of Cofely BESIX Facility Management (CBFM), a leading provider of customer solutions and energy services in the Middle East. With nearly 2,000 employees in the United Arab Emirates, Qatar and Oman, the CBFM, created in 2008 through a partnership between Engie and the Belgian construction group Besix, is working on several emblematic sites such as Dubai Mall, Abu Dhabi’s Zayed University and the Quatar Foundation. “This move is strategic to Engie in the Middle East, because it provides direct access to the clients’ needs. It integrates into our portfolio a technical services team with a strong local reputation and provides a robust platform for future development in the region,” said Paulo Almirante, Engie’s Executive Vice-President and Group CEO.
In order to confirm this takeover, Cofely BESIX Facility Management changes its name to Engie Cofely.
Hegmann Transit GmbH & Co. KG based in Germany, partner of the Bigmove group, has recently added various Nooteboom EURO-PX low-loaders and Manoovr semi low-loaders to its fleet. The investment consists of various vehicles, including several 4-axle EURO-PX low-loaders with 2-axle Interdolly, type EURO-95-24ICP and 5-axle Manoovr extendible semi low-loaders, type MPL-85-05(V) with excavator trough and 80-tonne ramps that allows Hegmann to transport most of the heavy construction machinery. Due to their shorter combination length the Manoovr semi loaders also offer advantages in terms of exemptions, manoeuvrability and transport efficiency.
Trailer manufacturer Faymonville Group, headquartered in Luxembourg, has just acquired the commercial vehicle dealer Stürzer Heavy Trucks with effect from 2 January, 2019. According to the constructor, this acquisition represents an expansion of the group’s activities in South Germany, Austria and Switzerland. The newly created Faymonville Trade & Services in Landsberg am Lech will be responsible for the sale of Faymonville, MAX Trailer and Cometto brands as well as heavy-duty tractor units from various manufacturers and different tipper models for the construction sector. All maintenance and repair services will be offered on the 2500 m2 of the Landsberg am Lech site in Bavaria. A range of used vehicles will also be offered.
The French manufacturer of material lifting equipment Haulotte announced the acquisition of all shares of the Turkish distributor Acarlar Makine. This company, created in 2003 and located in Istanbul, has 34 employees in four agencies, throughout the country. “This acquisition is in line with the participation taken in 2014 in a market that has now confirmed its potential of growth. Despite recent variations of the Turkish lira, we believe that the long-term perspectives in Turkey remain attractive for Haulotte Group,” stated Alexandre Saubot, Deputy CEO of Haulotte Group.
The Australian sales and service company of the Liebherr Group has announced the acquisition of the business activities, including all the employees and locations of Morrow Equipment in Sydney, Brisbane and Wellington on the 1st of January 2019. Liebherr will continue to support all existing contracts and customer relations as well as all Morrow employees can become part of the Liebherr team. Thomas Schröder and Craig Jones, the new managers of the tower cranes division at Liebherr-Australia, have declared their impatience to consolidate and develop the brand’s activity in the region. They will benefit from the know-how of the staff and the rental fleet of about 100 tower cranes and 40 hoists.
P&L Machine Moving and Rigging, based in South Africa, has recently added a new 6-axle MultiMAX semi-trailer from Faymonville to its fleet. The fully steerable trailer on hydraulic suspensions is equipped with timber floor, outriggers and hydraulic double ramps, which reduce the drive-on angle for any type of machinery. Thanks to its extendedly loading deck, the MultiMAX semi-trailer will be used for P&L’s abnormal transport and rigging activity.
“We are looking forward to putting this trailer to work and excited to keep building a strong partnership with Faymonville,” said Gareth Lucas from P&L Machine Moving and Rigging.