DEUTZ opens new Innovation Centre


DEUTZ AG has officially opened its new Innovation Centre. Over an area of 380 square metres, a modern building has been constructed at the Cologne-Porz site that provides DEUTZ employees with space to work on ideas, develop them into prototypes, and shape them into a project, a product or an investment opportunity.

Hiab completes the acquisition of Effer cranes


Hiab, part of Cargotec, has completed the acquisition of Effer S.p.A. from CTE Group. Signing of the transaction was announced on 31 July 2018. For Hiab as the global leader in on-road load handling solutions, this acquisition means a significant advancement in its ambition to be leader in cranes and preferred partner for its customers.

PALFINGER continued the expansion of its business in Q1–Q3 and is taking internal measures for further profitable growth



• In the first three quarters of 2018, revenue rose by 8.2 per cent to EUR 1,182.6 million
• Exceptionally high increase in EBITn; EBITn margin at 9.8 per cent
• AFREP review: Need for impairment of Marine goodwill as at 31 December 2017
• SANY repurchases 2.5 per cent of its shares: Funds inflow of EUR 28.6 million
• Higher revenue and operating profitability expected for the 2018 financial year
• Implementation of a global PALFINGER organizational structure



Australian AGA subsidiary takes 73 lifts for Middle-East locationAccess Hire Middle East, a wholly owned subsidiary of Access Group Australia (wAGA), has taken delivery of 73 JLG boom lifts with a further 34 on order that will be available for rent from its location in Dubai.

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