May20

Crosby enters into agreement to acquire Gunnebo Industries

The Crosby Group (“Crosby”), a global provider of lifting, rigging, and material handling hardware, today announced that it has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm, and that all closing conditions have been satisfied. Gunnebo Industries is a global provider in innovating, developing, manufacturing and selling products for material handling and other related...

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May20

Deere reports Second-Quarter Net Income of $1.135 Billion, revises full-year earnings forecast despite tariffs

 Deere quarterly net sales rise 5% to $10.3 billion, full-year earnings forecast revised to $3.3 billion on sales increase of about 5% and Construction & Forestry sales and profit register strong gains Deere & Company reported net income of $1.135 billion for the second quarter ended April 28, 2019, or $3.52 per share, compared with net income of $1.208 billion, or $3.67 per share, for the quarter ended April 29, 2018. For...

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May20

Manitowoc pledges to help reconstruct Notre-Dame

Following the fire that caused large-scale damage to Notre-Dame de Paris, Potain – Manitowoc’s manufacturer of tower cranes – has pledged to support reconstruction efforts of the historic French cathedral. Manitowoc will provide tower cranes and related services free of charge. The terms of this offer have now been officially presented to the authorities. “It seemed natural to us that Potain, our tower crane brand that for more...

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May20

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

36 country profiles in new OECD report highlight progress and potential for improvement Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook highlights that most SME job creation has been in...

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May20

Women In Trucking Association announces Gold Level Partnership with Ryder System, Inc.

The Women In Trucking Association (WIT) welcomes Ryder System, Inc. as its newest Gold Level Partner, helping the nonprofit association’s efforts to increase the number of women employed in the transportation industry. Ryder is an $8.4 billion commercial fleet management, dedicated transportation, and supply chain solutions company, with operations in the U.S., Canada, Mexico, and the U.K. The Company, founded in 1933, operates behind...

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May16

Wisconsin Manufacturing & Technology Show announces two student competitions

The Wisconsin Manufacturing & Technology Show [WIMTS], scheduled for October 8 -10 at Wisconsin State Fair Park, has announced two student competitions encompassing “Team Automation & Robotics” and “Welding”.  LAB Midwest, a provider of world class and relevant e-learning, curriculum and training equipment to education and industry, is presenting the “Team Automation & Robotics” Student Competition along with FANUC....

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May16

H & K Equipment launches new group name

H&K Equipment, a Pittsburgh-based forklift and material handling equipment distributor, announced that it has launched the H&K Equipment Group. H&K Equipment, the company said, is the flagship business of an affiliation of eight independent companies united under common ownership. The H&K Equipment Group brings each of these companies together for the first time to showcase the full reach and scope of their...

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