Latest news from Heavy Lift & Project Forwarding International Magazine

Maxim eyes up Coast acquisition

May 8 - Maxim Crane Works and Essex Rental Corp have entered into a stock purchase agreement, in which Maxim will acquire Coast Crane Company, an indirect wholly-owned subsidiary of Essex.

Maxim will acquire all of the issued and outstanding shares of Coast's parent company, CC Acquisition Holding Corp, for USD72.5 million, subject to closing date working capital and other adjustments. The sale has been approved by Essex's board of directors and is expected to close in the second quarter of 2017.

Following the closing, Maxim will begin integrating the Washington, USA-based crane rental company with its existing operating business in the USA.

The transaction is subject to customary closing conditions and the approval of Essex stockholders.

Heavy Lift | News

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Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
Views: 212
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BigMove goes digital for licenses

July 17 - BigMove – a European alliance of 13 medium-sized logistics companies – is introducing digital driving licenses for its network of 1,000 drivers.
Views: 240
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ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
Views: 638

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