MARKET MOVES
Dubais economy rises 2.1% YoY in H1 2019 boosted by real estate, retail
Dubai's economy rose by 2.1% year-on-year (YoY) to a GDP of $56.68bn (AED208.2 bn) at constant prices in H1 2019, buoyed by a strong wholesale and retail sector, as well as manufacturing, real estate and construction activity, according to...
MARKET MOVES
Bentley acquires Citilabs and Orbit Geospatial Technologies
Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure, announced the acquisitions of global mobility simulation (CUBE) and analytics (Streetlytics) software provider Citilabs, and...
MARKET MOVES
Procore Technologies consolidates its position by eyeing an IPO
Cloud-based construction management software application firm, Procore Technologies heads for the public markets. The company is reportedly working with the Goldman Sachs Group to lead an IPO which could value the company for more than $4 billion. The expected...
MARKET MOVES
Kier Group amidst revamp, posts £245m pre-tax loss
Kier Group PLC, a UK construction, services and property group active in building and civil engineering, has reported a loss of £245m before tax. The dip can be attributed to the cost associated with restructuring the business. However, Kier’s...
Building Products
NPK Construction Equipment of Walton Hills buys Genesis Attachments LLC
NPK Construction Equipment , a subsidiary of Nippon Pneumatic Mfg. Co. LTD , is very excited to announce that NPKCE has purchased Genesis Attachments LLC , Genesis Holdings , and Genesis GmbH.
We are very excited about this new partnership...
Building Products
Construction Machinery: Italian exports Grew in 2018 to almost 3 Billion Euros
Positive results for Italian exports. In 2018, according to analysis by Prometeia based on Istat data, there was another increase for exports of construction machinery (+5.7%), worth 2 billion 958 million euros.
This performance was outlined in the SaMoTer Outlook...
Construction Equipment
Volvo Construction Equipment sees sales up 27% in 2018
Volvo Construction Equipment ended its strongest year ever buoyed by good demand from all major regions and all industrial segments, Supported by a fourth quarter that saw sales up 21% and deliveries increase by 24%.
Volvo Construction Equipment (Volvo CE)...
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