Saficon and Accel sign South African agreement
VANCOUVER, Canada
South African Toyota forklift distributor Saficon Industrial Equipment Pty Ltd has been appointed AccelRate Power Systems' exclusive distributor for its battery charger products in South Africa and surrounding territories.

AccelRate's motive & reserve power division president Pierre Gadbois said Saficon was a "highly respected materials handling products distributor" in South Africa. Saficon had the largest market share in South Africa's materials handling market, generating more than USD180 million in sales for 2005, an AccelRate statement said.

Saficon is also the exclusive distributor for BT and Kalmar in southern Africa.

Terex divests Czech company
WESTPORT, CT, United States
Telehandler manufacturer Terex Corp has sold its 80.5 per cent stake in Czech heavy duty on and off-road truck manufacturer Tatra as.

Blue River sro paid USD26.2 million in cash and repaid inter-company debt of about USD31.6 million owed to Terex by Tatra.

Blue River also assumed Tatra's third-party debt that totalled around USD22 million.

Terex CEO Ronald DeFeo said Tatra was identified as non-core to the Connecticut-based company's future business. Blue River sro is a Czech-based consortium of four international private investors.