Heavy Machinery & Vehicles

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Trans Century Ltd approves acquisition of Cable Holdings (Kenya); announces Indirect acquisition of 4.01 pct stake in East African Cables

Thursday, 19 Jun 2014 08:00pm EDT

Trans Century Ltd:Says the Board of Directors of Trans Century (TCL) has approved the acquisition of Aureos East Africa Fund LLC’s (Aureos) entire shareholding in Cable Holdings (Kenya) Limited (CHK).The acquisition will be achieved through an allotment of new ordinary shares in TCL to Aureos in exchange for the sale of 5.2 pct of the shares they hold in CHK.Says CHK is presently a 94.8% subsidiary of TCL and CHK in turn owns 68.37% of East African Cables Limited (EAC), listed on the Nairobi Securities Exchange (NSE).Says through CHK, TCL to date holds 64.36 pct of the shares in EAC and, on completion of the Transaction as contemplated in the Swap Agreement, TCL will acquire an additional 4.01 pct of the voting shares in EAC.

McCoy Corp divests non-core Mobile Solutions segment to Manac Inc

Tuesday, 17 Jun 2014 12:07pm EDT

McCoy Corp:Says it has sold its Mobile Solutions business for about C$14.75 mln.Under the terms of the Share Purchase Agreement, McCoy sold 100 percent of the issued and outstanding shares of its wholly-owned subsidiary, Peerless Limited, to Manac Inc., Montreal-based truck trailer manufacturer.

Konecranes reaches 100-pct ownership in Chinese hoist and crane manufacturer SANMA

Wednesday, 11 Jun 2014 02:00am EDT

Konecranes Abp:Completes the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co. Ltd. (SANMA).Says had in Nov. 2009 finalized acquisition of a majority holding of 65 percent in SANMA.Says now owns 100 percent of SANMA.Says SANMA will continue as one of the company's power brands in China and will be developed as part of Konecranes global supply organization.No financial details.

Westinghouse Air Brake Technologies Corp completes acquisition of Fandstan Electric Group Ltd - Form 8-K

Monday, 9 Jun 2014 01:10pm EDT

Westinghouse Air Brake Technologies Corp:Says On June 5, the company completed previously announced acquisition of Fandstan Electric Group Ltd., rail and industrial equipment supplier based in London, England, for cash of $220 million.

Volvo AB completes acquisition of hauler business

Monday, 2 Jun 2014 02:03am EDT

Volvo AB:Says the previously announced acquisition of Terex's hauler business was completed.The purchase consideration amounted to $160 mln (about one nine bln Swedish Crown) on a cash and debt free basis.

Emak SpA says Comet Group signs agreement for acquisition of 80.5 pct of Master Fluid Srl

Friday, 30 May 2014 12:13pm EDT

Emak SpA:Says Comet Group, through its subsidiary PTC Srl, has signed an agreement for the acquisition of 80.5 pct of the share capital of Master Fluid Srl.The remaining share will remain in possession of Lauro Cigarini co-founder of the company.With headquarters in Rubiera (RE), Master Fluid operates in the projecting and manufacturing of equipment for the industry and the environmental hygiene and preparations on industrial vehicles.It realizes particularly high pressure cold and hot water washing equipment (water jetting), streets washing equipment, sewage cleaners vacuum units and pipes cleaning units.The transaction was valued at about 0.8 million euros and will enable PTC to expand its range of products.

Agco expands material handling capabilities with acquisition of Intersystems

Friday, 23 May 2014 08:00am EDT

Agco Corp:To acquire Intersystems Holdings Inc. and subsidiary (Intersystems).

Austin Engineering Ltd proposes acquisition of VR Steel South Africa

Tuesday, 20 May 2014 07:45pm EDT

Austin Engineering Ltd:Signs memorandum of understanding (MOU) to acquire 74.9 pct of the shares in South African mining attachment business, Van Reenen Steel Pty Ltd.

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