Inside the News - Edition #1104

Allan Leibowitz -
Inside the News
- 24 Nov 2022 ( #1104 )
1 min read
The world's biggest equipment rental company, United Rentals, is about to become even bigger with its acquisition of Ahern Rentals.
This is just the latest in a string of rental acquisitions this year, prompted by rising demand for equipment at a time when supply lines are tight and purchase prices are rising.
United says the deal was motivated by a desire to expand its US footprint - and Ahern's 106 locations will certainly help. But the acquisition will also increase efficiency and cost-savings - and, of course, assist United in its negotiations with suppliers.
And speaking of mergers and acquisitions, readers might have spotted an error in last week's Inside Forkliftaction message, when we referred to the Cargotec/Kalmar deal. Of course, that should have been the abandoned Cargotec/Konecranes merger!
Also Read:
Inside the News - Edition #1105
Allan Leibowitz
1 minute read
Inside the News - 1 Dec 2022 (#1105) There's some optimism about the global economy from one of the world's leading banks, Deutsche Bank. The bank's chief investment officer for Private Banking, Christian Nolting, is tipping mild recessions...
Inside the News - Edition #1103
Allan Leibowitz
1 minute read
Inside the News - 17 Nov 2022 (#1103) The cancellation of the merger of all mergers - Cargotec and Konecranes - continues to have repercussions, with Cargotec deciding to put its MacGregor business on the market. But, as we report...
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Blog articles provide perspectives and opinions and therefore may contain inaccurate or incomplete information. Forkliftaction Media accepts no responsibility for errors or omissions. If you feel that significant facts are overlooked, or have a different viewpoint on a topic addressed, we invite you to open a conversation in our Discussion Forums.
Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading
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