Deere completes acquisition of Wirtgen Group Deere & Company completed its acquisition of the Wirtgen Group this past December. In June, Deere announced a definitive agreement to purchase the international privately-held company. The Wirtgen Group has a global footprint with approximately 8,200 employees and sells products in more than 100 countries through a large network of company-owned and independent dealers. Deere stated that, “Wirtgen’s product portfolio is complementary to its existing construction equipment offering and establishes Deere as the industry leader in global road construction.” The Wirtgen Group offers a variety of brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation. Those brands include Wirtgen, Vögele, Hamm, Kleemann and Benninghoven. New stretch of 407 highway opens in Durham Region The next phase of Highway 407 from Harmony Road to Taunton Road in Clarington, Ont. opened in January. The new addition of 9.6 kilometres to Highway 407 includes two new interchanges. The final phase, scheduled to open by 2020, will connect Highway 407 to Highway 35/115 and includes Highway 418, which will provide another north/south connection from Highway 407 to Highway 401. Toll rates for Highways 407 and 412 are lower than tolls on Highway 407 ETR. The province’s rates are, on average, approximately 15 per cent lower during off-peak periods, and approximately 30 per cent lower during peak periods, as compared to Highway 407 ETR. Source: Infrastructure Ontario. Husqvarna expands construction division Husqvarna Group’s construction division is purchasing Atlas Copco's concrete and compaction business. The products include complete ranges for concrete and compaction, such as plate compactors, tandem rollers and concrete vibrators. The transaction includes the Atlas Copco’s production facility in Ruse, Bulgaria, and production assets in Nashik, India, along with sales and service operations worldwide. In total, approximately 200 employees will join Husqvarna Group. The divestment is subject to regulatory approvals and is expected to be completed during the first quarter of 2018. Highway 39 twinning project complete A $27-million twinning project east of Estevan, Sask., along Highway 39 officially opened on Nov. 16, 2017. The project includes 10 kilometres of twinning on Highway 39 from east of Estevan to southeast of its junction with Highway 18. The new two-lane overpass constructed south of the newlytwinned portion allows trucks safe access to nearby coal deposits for the area’s power plant. The junction of Highways 39 and 18 east of Estevan near Bienfait has also been re-aligned to 90-degree angles, which will improve safety and sightlines for motorists. The Government of Canada is contributing up to $12.5 million to the project. The Government of Saskatchewan will fund the remaining portion.
Published by Annex aggregate. View All Articles.
This page can be found at http://magazine.rocktoroad.com/article/Industry+News/3001674/473259/article.html.