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Mergers & Acquisitions: Page 2

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
ritchiebrosauction2
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
Terex manufactures the TL120 wheel loader as part of its Germany-based compact equipment business which it has agreed to sell to Yanmar.
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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Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer.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
Terex TL310
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Top Stories
The nearly 2-million-pound PC9000 gets the largest bucket capacity, longest reach and highest digging power in the Komatsu PC excavator lineup.
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The Contractor of the Year contest recognizes contractors who have annual revenues of between $3 million and $20 million and exemplify the highest standards of construction professionals.
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