Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ Crane Hire buys Wellington's Collins Cranes

News release

New Zealand Crane Hire buys Wellington's Collins Cranes

Auckland, 4 August, 2006. New Zealand Crane Hire has purchased Wellington crane company Collins Cranes Ltd. An agreement was reached with the shareholders to buy Collins Cranes which will become the Wellington office of NZ Crane Hire.

The purchase establishes NZ Crane Hire in the Wellington region where it plans to use the acquisition as a base to grow the company into the premier nationwide lifting and access solution provider.

Collins Cranes has been in business for over 20 years operating cranes up to 100 tonne capacity. General Manager Chris Collins will remain as the Wellington Regional Manager for NZ Crane Hire.

NZ Crane Hire Group Chief Executive Officer Deane Manley said he was very pleased with the purchase that has been negotiated over the recent months.

"We believe Collins Cranes is the market leader in the Wellington region and plan to use our existing Wellington Access Hire and Tower Crane operations to leverage this position even further. NZ Crane Hire will offer the broadest range of lifting options in the region."

The purchase of Collins is part of expansion plans resulting from an equity investment from a Pencarrow / AMP fund in December 2005 which enabled the acquisition of Bay Of Plenty crane company Todd & Pollock in February.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>