Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra
Zoomlion has ended its multi-billion dollar bid to acquire Terex Corporation. In a statement to customers, Ken Lousberg, Terex Cranes president, said that discussions between the two construction equipment industry heavyweights over a near US$3.3 billion deal had been terminated. Lousberg said the recently announced sale of Terex Corporation’s Material Handling and Port Solutions business segment to Finland-based Konecranes for around $1.3 billion is proceeding as planned, subject to regulatory and Konecra
Staying connected to customers and colleagues has never been more important and over the last two years, adoption of innovative technologies that enable this has accelerated in businesses in every sector around the world. And for Volvo Construction Equipment, the construction site is no different. Efficient Load Out is a digital solution which connects machine operators, truck drivers and site managers in real-time to maximise the profitability and sustainability of mass excavation projects
The UK is proposing to share road network data, including roadworks, with makers of mobile apps to warn drivers of potential congestion months in advance.
The information for navigational apps powered by artificial intelligence would warn of planned changes to the road network, including work zone arrangements, which would enhance worker safety.
Tech firms could soon get access to the necessary data thanks to a UK government review of legislation around Traffic Regulation Orders. The orders behind res
