Edition:
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Heavy Machinery & Vehicles

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Ponsse, Epec to open a product development unit in Tampere

7:24am EDT

Sept 21 (Reuters) - PONSSE OYJ ::PONSSE AND EPEC TO OPEN A PRODUCT DEVELOPMENT UNIT IN TAMPERE.‍PONSSE AND EPEC ARE JOINTLY ESTABLISHING A PRODUCT DEVELOPMENT UNIT IN TAMPERE​.

U.S. CPSC says John Deere recalls lawn tractors, service part transmissions

Wednesday, 20 Sep 2017 01:24pm EDT

Sept 20 (Reuters) - The U.S. Consumer Product Safety Commission::Says John Deere recalls lawn tractors and service part transmissions due to crash hazard.Says recall involves about 25,000 tractors and 500 transmissions sold as service parts.

ELB Group posts FY HEPS 243 cents per share

Wednesday, 20 Sep 2017 02:35am EDT

Sept 20 (Reuters) - ELB GROUP LTD ::FY PROFIT INCREASED TO R82 MILLION FROM LOSS OF R189 MILLION.FY HEADLINE EARNINGS OF 243 CENTS PER SHARE FROM LOSS OF 519 CENTS PER SHARE.FINAL CASH DIVIDEND DECLARED OF 50 CENTS PER SHARE.

Seven Group Holdings announces acquisition of Coates Hire

Tuesday, 19 Sep 2017 06:00pm EDT

Sept 20 (Reuters) - Seven Group Holdings Ltd :Seven Group Holdings announces acquisition of Coates Hire.Purchase consideration for these securities is $517 million.Acquisition results in a 15 per cent accretion to FY17 underlying EPS​.Acquisition will be funded via existing debt facilities and available cash.Acquisition will increase pro-forma FY17 EBITDA from $328 million to $611 million & pro-forma EBIT from $297 million to $415 million.Announces acquisition of remaining 53.3 per cent of Coates Group Holdings Pty Ltd.

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