CVS acquisition on hold
STOCKHOLM, Sweden Cargotec's acquisition of Italian manufacturer CVS Ferrari is on hold because German competition authorities have raised concerns (
Forkliftaction.com News #293).
Cargotec says in a statement the two companies are co-operating with the competition authorities but remain competitors in their own businesses for now.
Cargotec senior vice president of investor relations Eeva Mäkelä says the company would not comment further.
TVH takes over Hendrickx
WAREGEM, BelgiumTVH Group has taken over forklift and aerial platform rental company Hendrickx Renting BVBA of Sint-Niklaas.
TVH says nothing will change for Hendrickx's customers but they can expect "even better" service from the company's 13 employees.
Hendrickx will be supported by TVH Rental Equipment's fleet of forklifts, scissor lifts, articulating boom lifts, loading ramps and aerial platforms.
Read this week's industry profile on TVH OEM & e-commerce manager Kristof Bolle.
Sparky will list on BSE
SOFIA, BulgariaSparky AD will make a secondary offering of shares on the Bulgarian Stock Exchange,
Bulgarian News Digest reported.
The proposal is subject to approval by shareholders at a meeting on July 27.
Sparky posted an after-tax profit of BGL1.796 million (USD1.258 million) and sales revenue of BGL31.365 million (USD21.97 million) for 2006, the report said.