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Friday Roundup: Acquisitions abound
Equipment rental news for the week of July 11-17, 2024 centered on acquisitions in various markets
Mace’s revenue passes £2bn mark
UK-based Mace has seen its revenue pass the £2 billion mark, driven by an expansion of global consultancy work and a five-year high for construction revenue
Corruption controversy engulfs Australian construction union
An Australian government minister has asked the federal police to investigate allegations of corruption against the construction division of the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU)
10 biggest equipment rental acquisitions of 2024 so far
As we enter the second half of the year, IRN looks at the most recent and noteworthy business acquistions in the equipment rental industry
Fed funding pushes construction start on Washington-Oregon bridge
Federal funding helped start phase one of a major bridge project start in the US Northwest
Eiffage ES buys into automation with pair of acquisitions
Eiffage Énergie Systèmes announced two acquisitions of automation firms
Mace wins Hong Kong railway extension project
Hong Kong has appointed Mace as a management partner for a railway extension project
Former dealer sues Caterpillar for $100m in damages
A former Caterpillar dealer based in Venezuela has filed a lawsuit seeking more than $100 million in damages from the US-based manufacturer
HFO ban in Arctic waters goes into effect
HFO is of particular concern in the region due to the difficulty in cleaning spills and the emissions of black carbon (BC) when it is burned as fuel.
Point of Rental updates Essentials platform
Update aims to provide a smoother checkout process
Cobra IS wins contract on major ‘green’ Germany steel factory
Cobra IS, a subsidiary of Vinci, has won a €74 million contract to carry out the piping and mechanical works on part of a steel production plant in Germany
H&E grows in Idaho
Third general rental location opens
Contractor wins first contract on $2.3bn project to protect Staten Island from flooding
Bronx firm has won $132 million contract to protect Staten Island from flooding
Fortum completes Finland’s first nuclear decommissioning
FiR1 research reactor dismantled after 50 years in operation
US sued over ‘failure to examine harms’ from delayed offshore oil decommissioning
Center for Biological Diversity claims Interior Dept has not examined harms of idle platforms
Strabag in €110 million deal to equip transalpine tunnel
Austrian contractor Strabag has won a €110 million (US$120 million) to equip a transalpine tunnel linking Austria and Slovenia
Leadership changes at Ramboll
New leadership for Environment & Health (E&H) Division and UK and Ireland
Demolition works begin at University of North Carolina
4 Seasons Demolition starts US$2 million project to tear down six-story dorm
Construction equipment supplier agrees to pay out-of-court settlement over Crimean bridge prosecution
Dutch construction equipment supplier Dieseko has agreed to pay an out-of-court settlement to end an investigation into the sale of machines used for the construction of a bridge in Crimea
Engines: How can we make diesel cleaner?
Will we continue to find ways to make diesel engines even cleaner?
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