Joy Global Completes Sale of Drilling Business

Joy Global announces it has completed the transaction of selling its drilling products business.

October 26, 2011

Joy Global Inc. (Joy Global), a worldwide leader in high-productivity mining solutions, announces that it has completed the transaction to sell the drilling products business of its LeTourneau Technologies Inc. (LeTourneau) business to Cameron International Corporation (Cameron) for $375 million in cash, subject to certain post-closing adjustments.

Bank of America Merrill Lynch served as exclusive financial advisor to Joy Global on this transaction. Covington & Burling LLP served as legal advisor.

The Port of Baltimore is used by many of the largest construction machinery manufacturers.

What Effects Will the Baltimore Bridge Collapse Have on US Imports/Exports of Agricultural & Construction Machinery?

Following the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore, construction and agriculture vehicle supply chains will be affected but the question is: How much?

New Final

Call for Products: OEM Off-Highway's 2024 Product Showcase

If you manufacture cutting-edge solutions for the mobile equipment industry, we want to see them — and so do our readers. Submit your product(s) for a chance to be featured in our comprehensive pictorial guide packed with industry-leading offerings.

Adobe Stock 204293849

March 2024 Equipment Market Outlook

January's U.S. heavy-duty truck production was 2.6% above the year-ago level, though growth is slowing. Experts say further decline is likely, given general decline in wholesale trade coupled with waning revenue within the truck transportation sector.

Radiant In Red Pic

Red Alert: Why Yanmar CE Dropped Its Yellow Livery

As part of the company's shift in market approach, execs explain the strategy behind the brand's 2020 departure from conventional yellow machine livery to today's Premium Red.

Cummins Next Gen X15 for Off-Highway

Cummins to Unveil New X15 Off-Highway Engine at INTERMAT 2024

In its next-gen platform, the company aims to answer customer demand for combustion technology that delivers high power density and improved efficiency in the clean sheet diesel engine.

FIRSTGREEN Industries launches ROCKEAT electric skid steer loader, pioneering powerful, safe and zero-emissions solution for mining, construction and other hazardous industries.

FIRSTGREEN Industries Launches ROCKEAT Electric Skid Steer Loader

ROCKEAT produces zero carbon emissions, minimum operating fluids and near-silent operation, and offers a low clearance, 360-degree camera and remote operability.

The new engine platform will be equipped with Cat Digital Services, an integrated suite of software and hardware solutions supplying the insight equipment owners need to make decisions and secure the health of their equipment.

Caterpillar Announces 13L C13D Diesel Engine for 2026

The new engine platform offers up to a 20% increase in power and up to 25% more low-speed torque than the previous generation of Cat engines in its power class.

1920 Aem Bus Tour Toolkit Social 01b 1200x628

AEM Manufacturing Express Takes to the Road in 2024

From July to October, the AEM Manufacturing Express tour will visit more than 20 states, with stops planned at more than 80 equipment manufacturers in communities across the Midwest, Southeast and Mid-Atlantic.

Ffk5600

An Artificial Future: What’s Next for Advanced Vehicle Safety Solutions?

Five questions addressing the challenges of AI in onboard camera systems, object detection and risk reduction.

Catch Facility 1

Siemens Opens New Additive Manufacturing Hub in Charlotte, NC

The Center for Advanced Technology Collaboration Hub (CATCH) will serve as a space to collaborate with key machine builders (OEMs), end-users and U.S. national laboratories to ensure the successful industrialization of additive manufacturing.

The Port of Baltimore is used by many of the largest construction machinery manufacturers.

What Effects Will the Baltimore Bridge Collapse Have on US Imports/Exports of Agricultural & Construction Machinery?

Following the collapse of the Baltimore Bridge and the suspension of traffic through the Port of Baltimore, construction and agriculture vehicle supply chains will be affected but the question is: How much?

Ojus Sizeable Order Reflects Confidence In Volvo Pentas Competitive Edge 01

OJUS Partners With Volvo Penta in India's Air Compressor Industry

OJUS move ahead with an order for TAD1343VE and TAD1345VE configurations of Volvo Penta's D13 for the company’s compressor models VAYU 451XM and VAYU 536XH.

Offering significantly lower CO2 emissions, Scania's DC13 next-generation engine is compatible with renewable 100% HVO fuel.

Exploring the ICE Age

Scania’s Henrik Nilsson offers insight into alternative fuels, emissions reduction and what the future holds for the internal combustion engine (ICE).

091322 Agco Pontiac No 18186 (1)

AGCO Launches PTx Precision Ag Portfolio

The move aims to facilitate the growth of AGCO’s technology transformation and support the future development and distribution of next-generation ag technologies for farmers and OEMs.

James Howe 66140ec97a92b

Motion Names New President

After three decades with the company, James F. Howe moves into the position of president, effective April 1, 2024.

Adobe Stock 225106727

Agriculture’s Merge Into the New Road Safety

Understanding the connected capabilities of interoperable vehicle-to-everything (V2X) technologies and the need for standardization.

N 67 250 Pg1

HIPOWER SYSTEMS & FPT Industrial Announce Partnership

The new models, HRFW-225, HRFW-325 and HRFW-400, range from 225-400 kVA for rental and prime power applications, with the flexibility to also be used in mobile standby applications.

AGCO & Trimble Close Joint Venture, Form PTx Trimble

PTx Trimble combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

Adobe Stock 340423519 65de27642bac5

What Are Today's Powertrain Priorities?

As OEMs continue to experiment with powertrain diversification, the options are many. Take a look at emerging on- and off-highway power trends and uncover which solutions are shaping the market of the future.

New Final

Call for Products: OEM Off-Highway's 2024 Product Showcase

If you manufacture cutting-edge solutions for the mobile equipment industry, we want to see them — and so do our readers. Submit your product(s) for a chance to be featured in our comprehensive pictorial guide packed with industry-leading offerings.

Vocational trucks on display at Work Truck Show 2024, highlighting commercial trucks and equipment from Classes 1–8, including chassis, bodies, components and accessories.

Electric Leads the Way at Work Truck Week 2024

Trends point to more power in partnerships as the electrification journey continues for many OEMs in the commercial vehicle market.

2480x750 Jcb Lgs Pr

JCB & Leica Geosystems Partner on 2D & 3D Semi-Automated Excavator Controls

The INTELLIGRADE solutions will be available initially on the JCB 220X tracked excavator in the UK before being offered across the whole JCB X Series range in additional regions.

Full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to a new report released by the Clean Freight Coalition (CFC).

Commercial Truck Fleet Electrification to Cost $1T

Full electrification of the U.S. commercial truck fleet would require nearly $1 trillion in infrastructure investment alone, according to a new report released by the Clean Freight Coalition.

Adobe Stock 466922264

Where Are We on the Road to Autonomy?

Learn more about today's market conditions and the path forward for the development, adoption and delivery of on- and off-road driverless technologies.

Adobe Stock 204293849

March 2024 Equipment Market Outlook

January's U.S. heavy-duty truck production was 2.6% above the year-ago level, though growth is slowing. Experts say further decline is likely, given general decline in wholesale trade coupled with waning revenue within the truck transportation sector.

MTA Acquires Business Unit of Calearo Antenne

The buy includes the the activities of Isola Vicentina, and the assets, patents and licenses utilized to produce various types of antennas both for original equipment and the aftermarket for the automotive, motorbike, truck and off-highway industries.

Poclain Moteg

Poclain Acquires Controlling Stake in MOTEG

The company aims to cement its technological capacity for designing and manufacturing the electro-mobility solutions of the future and support the transition of the off-road vehicle transmission market toward 100% electric.