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Atlas Copco divests from equipment rental

The Atlas Copco Group has completed the divestment of Rental Service Corp., USA, and Rental Service Corp. of Canada Ltd., its North American construction equipment rental business, to affiliates of private equity firms Ripplewood Holdings LLC and Oak Hill Management LLC.

The financial effects of the divestment are in line with the estimates previously stated.

UpRight to open U.S. manufacturing facility

UpRight Powered Access is to open a manufacturing facility in the United States and could be producing booms and large scissors as early as the second quarter of 2007, according to reports published by Access International.

Darren Kell, UpRight's chief executive officer, told Access International that the company was considering two sites — one existing plant which is well set up for AWP production, and a "greenfield" site, which would be built from scratch. A decision on the site was expected by the beginning of January and will require an investment of around $5 million.

Kell said UpRight's existing Fresno facility would continue to run the parts and customer services, but that in the longer term, assembly of the TM12s, vertical mast platforms and small scissors would probably shift to the new manufacturing site.