In a move that will create the nation’s second-largest telematics company,
telecommunications giant Verizon Communications announced it is acquiring Telogis Inc., a telematics provider for the automotive and heavy-equipment industries.
The world’s number two cement maker is making steady strides in closing a €3.7 billion deal in a consolidating building materials market. It’s also doing some interesting tinkering in the Caucasus and West Bank.
HeidelbergCement is turning its eyes to Washington in anticipation of an antitrust ruling, perhaps in as soon as two weeks, which is the German-based building materials giant’s next big hurdle in its ongoing effort to acquire Italcementi.
With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017.
KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.
Equipment manufacturer Terex Corp. announced May 16 that it is ending its plan to merge with Konecranes, and will instead sell its material-handling and port solutions [MHPS] unit to the Finnish-based company for $1.3 billion.
Paint manufacturing giant Sherwin-
Williams Co. on March 20 announced that it will acquire rival The Valspar Corp. in an all-cash transaction worth roughly $9 billion.
One of the largest mergers in the world of construction equipment has been put on hold. U.S.-based Terex Corp says it is halting all merger activities with Finnish-based Konecranes while it considers an acquisition offer from China-based Zoomlion.
China-based equipment manufacturer Zoomlion Heavy Industry Science and Technology Co. has made an unsolicited offer to acquire U.S.-based Terex Corp., possibly upsetting a merger of the company with Finland-based Konecranes.