We compiled some of the top stories for you! Check out this week's compelling industry headlines:
Komatsu to Purchase Equity of Service Company for Mining Equipment in Mexico (World Coal)
"Through a Komatsu Group company, Komatsu Ltd has entered the definitive agreement, based on the basic agreement with Mitsui & Co., Ltd (announced on 27 April 2015), for Komatsu to purchase 60% of equity of Road Machinery Co., S.A. de C.V, Mitsui's subsidiary in Mexico, which services Komatsu mining equipment. On a premise of approval of concerned authorities, Komatsu is working to complete the purchase for approximately February 2016.” Read more
Construction Equipment Rental Market to Grow at 7% CAGR to 2019 (MarketWatch)
"The global construction equipment rental market report analyst said rapid growth of the construction industry is a significant factor that spurs the prospects for growth in this market during the forecast period 2015 - 2019. The recent increase in infrastructure development is one of the primary factors that drive growth in this market and results in its healthy CAGR of more than 7% by 2019." Read more
Automation of OilField Operations to Double by 2020 (Rigzone)
"IDC Energy Insights, a market provider of intelligence for the global technology industry, forecasts that the top 50 percent of oil and gas companies will double down on oilfield operation automation to double the productivity of those operations by 2020. The digital oilfield initiatives of the last decade spawned an investment in greater instrumentation and connectivity, especially for offshore, and this has proven beneficial in many ways. For example, it is now possible to obtain production values in a timely manner from offshore through instrumentation." Read more
'Shark Tank': Extreme Sandbox Helps You Play With Heavy Equipment (The Inquisitr)
"Most Shark Tank entrepreneurs like to brag about making things small, and high tech — a new battery pack you power by walking; a compact light that inflates into a flotation device in emergency situations; a drone you power with your cell phone. Often, technology products with high valuations dominate the show. But Tuesday night the sharks will hear a pitch from Extreme Sandbox, which is all about keeping things big and hands-on. The Hastings, Minnesota, company lets people play with construction equipment in a safe and supervised environment. The full experience includes excavator “golfing,” challenges and car-crushing." Read more
