Heavy Machinery & Vehicles

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Cervus Equipment Corp announces definitive agreement to acquire Evergreen Equipment Ltd

Thursday, 18 Sep 2014 06:00pm EDT

Cervus Equipment Corp:Enters into a definitive agreement to acquire 100 pct of the shares of Evergreen Equipment Ltd.Evergreen owns four John Deere dealerships located in Bassano, Brooks, Drumheller and Hanna, Alberta that sell new and used agricultural equipment and offer equipment parts and servicing.Says final purchase price will be paid in combination of cash and shares with up to $2.2 mln of purchase price paid in common shares of Cervus.Anticipates closing of the transaction to occur in Oct 2014.

CSR Corp Ltd announces completion of offshore acquisition by subsidairy, Times New Material

Tuesday, 16 Sep 2014 05:07am EDT

CSR Corp Ltd:Acquisition of assets of rubber and plastics businesses of BOGE under ZF Group by subsidiary, Times New Material in cash under master purchase agreement was officially completed on Sept. 15.Says completion of transaction not only enriches rubber product lines of times new material, but also enhances its business competitiveness in automobile AVS sector.

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