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December 18, 2023

Rolls-Royce agreement in principle with Deutz AG to take over the lower power range engines business

Rolls-Royce and Deutz AG are in positive discussions for the sale of the off-highway engines business in the lower power range up to 480 kW to Deutz AG for a price in the high double-digit million euros. This relates to diesel engines and engine systems using Daimler technology, which are developed and manufactured by Daimler Truck AG for Rolls-Royce Power Systems to its specifications and used mainly in agricultural vehicles and construction machinery, not in rolling stock or in military vehicles.

December 15, 2023

Epiroc to acquire STANLEY Infrastructure

Epiroc has agreed to acquire STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc.

December 14, 2023

ABC: US construction adds 2,000 jobs in November, up 200K year-on-year

The US construction industry added 2,000 jobs on net in November, according to an Associated Builders and Contractors (ABC) analysis of data released by the US Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 200,000 jobs, an increase of 2.6%.

December 13, 2023

GCCA welcomes COP28 landmark deal calling for world transition away from fossil fuels

For the first time, a deal has been made at COP – the UN climate summit, which agrees to countries moving away from the use of fossil fuels. The agreement was reached after days of negotiations in Dubai. The text recognises the need for deep, rapid and sustained reductions if humanity is to limit temperature rises to 1.5C above pre-industrial levels.

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