Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/933470
January 2018 | EquipmentWorld.com 18 2017 YEAR IN REVIEW FEBRUARY Cat invests in drone solution provider Airware Atlas Copco's busy January January was a busy month for Atlas Copco last year. It announced it was selling its Dynapac line of pavers, planers and rollers to Fayat Group, parent of Bomag. Then the board proposed separating out its Mining and Rock Excavation Technique Business Area and its Construction Tools Division to create a new com- pany dedicated to mining and civil engineering cus- tomers. The new company, eventually called Epiroc, is expected to be listed on the Nasdaq Stockholm stock exchange in mid-2018. Atlas Copco will retain its air compressor and vacuum businesses. JANUARY Euro Auctions buys U.S.-based auctioneer Yoder & Frey JANUARY Atlas Copco announces sell of Dynapac line of pavers, planers and rollers to Fayat 2017 TIMELINE What will never be: The Cat Peoria headquarters design, announced in 2015. Cat shocks Peoria The 107-year intertwining of Caterpillar and Peoria, Illinois, suffered a break in January when the company announced it would relocate its headquarters to the Chicago area. The move – involving about 300 executives and support personnel – put a defi nite end to the an- nounced downtown three-tower headquarters riverfront complex, announced in 2015. Rental continues to soar HercRentals, H&E Equipment Services and United Rentals all reported strong third quarters, serving to underscore the American Rental Association's forecast that construction/industrial equipment rental revenue would grow at a compounded an- nual growth rate of 4.1 percent between 2017 and 2021, to $40.4 billion. United Rentals buying spree United Rentals upped the ante in August for Neff Corporation, offering almost $4 per share more than suitor H&E Equipment Service and snagged the deal. It was the second big acquisition for United Rentals, which spent $965 million for NES Rental Holdings in April. Also, in August, United bought Cummins' mobile rental generator fl eet. Dynapac sports a new look after Fayat purchase. } }