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Mergers & Acquisitions
4Rivers Equipment to Acquire 3 Honnen Equipment Locations
Deere dealer Honnen Equipment continues to divide and sell its locations. 4Rivers Equipment is the latest buyer, picking up three locations in Colorado.
November 23, 2023
German-Based Ferronordic Acquires One of Volvo CE's Largest U.S. Dealers
Ferronordic, a Volvo CE dealer with 28 locations in Germany and Kazakhstan, is expanding into the U.S. market by purchasing Rudd Equipment Company.
November 21, 2023
CNH Industrial Set to Acquire Hemisphere GNSS
This is CNH’s second acquisition of a precision technology company in recent years as the company looks to advance its automated and autonomous solutions for agriculture and construction.
April 5, 2023
Business
Randall-Reilly acquires data assets from Informa
The deal includes Equipment Watch, Price Digests and FleetSeek, which provide proprietary pricing data, information and insights to businesses making decisions and investments in heavy construction equipment and other assets.
December 1, 2021
Construction Equipment
Prinoth Purchases Jarraff Industries
Prinoth has purchased 100 percent of the capital stock of a Minnesota-based manufacturer of right-of-way maintenance equipment.
October 12, 2021
Mergers & Acquisitions
Acquisition complete, Joy Global is now Komatsu Mining Corp.
Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016. Though […]
April 5, 2017
Business
Terex completes sale of MHPS business to Konecranes
Terex has announced that it has completed the sale of its Material Handling and Port Solutions Business to Finnish manufacturer Konecranes. Announced in May 2016, the sale finished at a price of $595 million plus €200 million in cash, and 19.6 million newly issued class B shares representing a 25-percent interest in Konecranes, Terex reports. Terex says […]
January 5, 2017
Business
Komatsu, Joy Global CEOs talk merger at MINExpo meeting
In an already busy week for Komatsu at the MINExpo show in Las Vegas that included the unveiling of a fully-autonomous haul truck and even a wedding, the company found time to also tout its pending acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. On the show floor, Komatsu president and CEO […]
September 29, 2016
Dealers
Ritchie Bros. to acquire online equipment auctioneer IronPlanet for $758.5 million
Announced late Monday evening, the auction giant Ritchie Bros. is acquiring internet-based auction company IronPlanet for approximately $758.5 million. The deal is Ritchie Bros. second acquisition this month following an August 2 announcement that the company would buy New England-based Petrowsky Auctioneers for $7 million. IronPlanet burst onto the heavy equipment auction scene in 1999 […]
August 29, 2016
Dealers
Yanmar acquires Terex’s compact construction equipment business
Terex announced today that it has agreed to sell its German compact construction business to Yanmar. The deal is for $60 million cash and is expected to close in the second half of this year. Terex’s compact construction business makes and sells midi/mini excavators, wheeled excavators and compact wheel loaders. As part of the deal, […]
June 21, 2016
Business
No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes
Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]
May 31, 2016
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