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Business News

Keep up to date on the latest construction industry trends, in the US and internationally, and how it may impact your business. Stay informed with press releases, research, and opinions to help get the most out of your investment. We highlight small and large projects to keep you abreast of the happenings in the industry, and construction industry statistics to help your company avoid mistakes and find the best solutions to problems that arise.



HD Hyundai Announces Merger of Construction Equipment Divisions

HD Hyundai, headquartered in Seoul, South Korea, will merge its construction equipment divisions to create a new company, tentatively named HD Construction Equipment, effective Jan. 1, 2026. The merger will combine HD Hyundai Infracore and HD Hyundai Construction Equipment....


Manitou North America Adds Ferri Equipment as New GEHL Dealer

Manitou North America introduces Ferri Equipment as a new dealer to represent the GEHL equipment brand. Ferri Equipment will take on the full-line of GEHL skid steer loaders, compact track loaders, articulated front-end loaders and telescopic handlers....


Bandit, Lano Plan to Expand Coverage in Upper Midwest

Bandit Industries announced a new partnership with Lano Equipment, a trusted name in heavy equipment solutions across the Midwest. This strategic collaboration expands Bandit's dealer network and enhances product availability and service for customers in Minnesota, North Dakota and South Dakota....


Bobcat Company Appoints Laura Ness Owens as Chief Marketing Officer

Bobcat Company has appointed Laura Ness Owens as chief marketing officer (CMO). In this newly established executive role, Ness Owens will lead global marketing, brand, customer experience and corporate communications strategies for the organization....


Barrick, Komatsu Reach Agreement on $440M Equipment Contract

Barrick Mining Corporation (Barrick) and Komatsu have finalized an agreement for the delivery of primary mining equipment to Barrick's Reko Diq copper-gold project in Pakistan starting in 2026. Valued at $440 million, the deal marks Komatsu's first major mining equipment placement in its Middle East territory and underscores the strengthening partnership between the two companies....


Tadano Completes Acquisition of IHI Transport Machinery's Transportation System Business

Tadano Ltd. announced the successful completion of its acquisition of the transportation system business of IHI Transport Machinery Co. Ltd. This acquisition marks a strategic milestone in Tadano's ongoing effort to expand its product portfolio and enhance value for customers across the globe....


FAYAT Group to Acquire LeeBoy

The FAYAT Group has agreed to acquire LeeBoy from ST Engineering. LeeBoy is a U.S.-based company that designs and manufactures road construction machinery. LeeBoy is headquartered in Lincolnton, N.C., north of Charlotte....


Komatsu Expands Network By Buying Core Machinery

In alignment with Komatsu's mining strategy of delivering high customer satisfaction and supporting business growth through successful partnerships, the company has transitioned ownership of six independent Core Machinery dealerships to Komatsu-owned dealers in the southwestern United States....


Volvo Construction Equipment Refocuses Its Presence in China – Divests Its Shares in SDLG

Volvo Construction Equipment (Volvo CE) has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB.)The transaction is expected to have a positive effect of SEK 1 billion on operating income at the time of closing, subject to currency fluctuations....


49-Year Veteran of ALL Crane Retires, Two Familiar Names Promoted

Comings and goings at the ALL Family of Companies have resulted in the retirement of a nearly 50-year man and promotions to two other familiar names. First, Rick Mikut, who began his ALL career as a teenager, is retiring after 49 years....






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