Sennebogen invests in new service center
Sennebogen, based in Straubing, Germany, has announced it is building a new customer service center in Bavaria, Germany.
The $28 million center, set to be complete by the end of 2020, will feature two office buildings, spacious halls and a new spare parts warehouse built on nearly 940,000 square feet of land.
The warehouse will have space to store 5,300 pallets and 37,400 small parts containers, Sennebogen says, and will feature technology to optimize logistics processes.
Sennebogen says all of its services, including spare parts sales, customer service and rentals from Sennebogen Vertriebs GmbH & Co. KG, will be located at the new service center. Its location at the intersection of two major highways also offers accessibility for rented and used machines.
The new space will free up areas in Sennebogen’s other nearby locations, the company says, and will be used to expand production.
Sennebogen says building the center will generate about 50 new jobs in the region. About 100 employees will move from Sennebogen’s nearby location to staff the new one.
NPK Construction Equipment acquires Genesis Attachments
NPK Construction Equipment (NPKCE), a Walton Hills, Ohio-based subsidiary of Nippon Pneumatic Mfg. Co. Ltd., Osaka, Japan, has announced the purchase of Superior, Wisconsin-based Genesis Attachments and Germany-based Genesis Holdings and Genesis GmbH.
Genesis’ scrap processing, demolition and material handling attachments are “well-engineered, high-quality products” with an “outstanding reputation with their customers in the marketplace,” NPK says in a news release, adding that the acquisition of Genesis will make both companies stronger.
Genesis Attachments was founded in 1997, and Genesis GmbH was founded in 2002 as the European licensee and exclusive sales partner of Genesis Attachments. The Wisconsin manufacturing facility has 117 employees, while its counterparts in Europe have an additional 15. NPK says it doesn’t plan on “making significant changes to the business, but rather plans on coming together with Genesis to continue improving the experience for our dealers and end users alike.”
Nippon Pneumatic has been selling pneumatic tools since the early 20th century and has been designing equipment attachments since the 1950s.
In 1975, NPK Europa B.V. was established in Rotterdam, Holland, to expand sales channels in Europe. In 1985, NPKCE was established to provide exclusive distribution and product support for the Western Hemisphere.
Metso acquires McCloskey International
Metso Corp., Helsinki, has announced it signed an agreement to acquire McCloskey International, a mobile crushing and screening equipment manufacturer based in Ontario, Canada. Metso says the acquisition will expand its offerings in the aggregates industry globally and strengthen its customer reach, especially in regard to its general contractor customers.
The enterprise value of the transaction is $316.5 million, payable at closing with an additional profitability based earn-out consideration of up to $26.4 million for the two-year period after closing. McCloskey will be reported in Metso’s minerals segment, and the company expects the transaction to be positive for Metso’s earnings per share in 2020.
The mobile aggregate equipment market is expected to grow by 4-6 percent annually from 2019 to 2023, driven by spending in road construction, Metso says. With its latest acquisition of McCloskey, Metso says it will be able to better take part in the growth of mobile products within the aggregates industry.
“This acquisition is in line with Metso’s profitable growth strategy. It strengthens our aggregates business in key growth areas. The different cycles of aggregates balance our previously more mining-focused minerals portfolio well,” says Pekka Vauramo, president and CEO of Metso.
“Customers in aggregates and construction have varying business needs. This acquisition supports our expansion plans to approach customers through multiple complementary channels and offerings to meet their diverse needs,” adds Markku Simula, the president of aggregates equipment business at Metso. “Going forward, Metso plans to continue developing the McCloskey brands and distribution channels independent of the Metso channel.”
In the 12-month period ending Sept. 30, 2018, McCloskey had sales of $349.69 million and an EBITDA margin of 10.3 percent.
Brokk Inc. opens new demonstration and service center
Brokk, a Sweden-based manufacturer of remote-controlled demolition machines, announced it has opened a new demonstration and service center in St. Joseph, Missouri. With this new addition, there are now three Brokk locations across North America. Brokk Fleet Service Manager Randy Glidewell will oversee operations, and Mike Brott will serve as the site’s service technician.
The company created the demonstration and service center because it needed a centralized location in the Midwest that could demonstrate both Brokk machines and those from Aquajet Systems AB, a Sweden-based company Brokk acquired in 2016. The 10,000-square-foot facility includes concrete structures, steel reinforcement configurations and Department of Transportation materials that act as a proving ground for Brokk and Aquajet equipment.
“The demonstration and service center allows Brokk and Aquajet to better support our customers across the U.S. and Canada with quicker delivery times, faster service response and access to our entire service fleet for a try-before-you-buy option,” says Lars Lindgren, president of Brokk Inc.
“It is a place for Brokk and Aquajet customers to learn about our products, our company and become part of an enhanced demolition experience.”
The center is home to over 20 Brokk machines that can be purchased or leased. The demonstration area allows for a hands-on experience so customers can explore options and choose what models and attachments best fit their needs.
In 2019, Brokk plans to host two open house demonstrations that are in conjunction with Brokk and Aquajet Demo Days. Individual demonstrations can be scheduled by calling Brokk Inc.’s Monroe, Washington-based office at 800-621-7856.
CBI and Terex Ecotec expand in New England
New England will have a new heavy equipment dealership for the materials processing industry representing product lines from Continental Biomass Industries (CBI) and Terex Ecotec, both with U.S. headquarters in Newton, New Hampshire.
High Ground Equipment has recently been established by business partners Art Murphy and Scott Orlosk as a dedicated New England dealer focused on sales, service and parts support. High Ground Equipment currently operates a support services location inside of Terex’s New Hampshire manufacturing facility.
Murphy has represented the CBI and Terex Ecotec brands for many years, most recently serving as the director of sales and marketing for Terex Environmental Equipment throughout North and South America. His background in the industry, knowledge of the products and long-time relationships with local customers made him a logical choice for the expansion, the companies say.
Orlosk is known in New Hampshire for bringing AutoFair Automotive Group into prominence in the late 1990s and early 2000s. As the president and COO, Orlosk grew AutoFair into New Hampshire’s largest privately owned company with more than 380 employees, 12,000 annual retail units and an annual revenue of over $350 million.
“High Ground Equipment is making this investment to support New England customers at the highest possible level,” Murphy says. “There has been a great response from the local customers we’ve had the chance to speak with during the early parts of this transition. CBI’s equipment has been manufactured in the Granite State for 30 years and Terex hosts an annual factory forum in Newton, New Hampshire, for our environmental equipment. As our equipment lines expand internationally, the establishment of High Ground Equipment ensures we stay focused on our New England roots and local customer base that started it all.”