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Multi Ways Holdings Announces Closing of Second Tranche of $1.485 Million Registered Direct Offering
Globenewswire· 2025-09-26 20:15
Core Viewpoint - Multi Ways Holdings Limited has successfully closed the second tranche of a registered direct offering, raising a total of $1,485,000 through the sale of 9,000,000 ordinary shares and warrants [1][2]. Group 1: Offering Details - The offering was priced at $0.165 per ordinary share and accompanying warrant, with each warrant exercisable at $0.198 per share for five years [2]. - The net proceeds from this offering will be utilized for working capital and general corporate purposes [2]. Group 2: Company Background - Multi Ways Holdings Limited is a prominent supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [6]. - The company serves a diverse customer base, including clients from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a reliable one-stop shop for heavy construction equipment [6]. Group 3: Legal and Advisory - Spartan Capital Securities, LLC acted as the exclusive placement agent for this offering, while Ortoli Rosenstadt LLP and Sichenzia Ross Ference LLP provided legal counsel to the company and the placement agent, respectively [3]. - The offering was conducted under an effective registration statement filed with the Securities and Exchange Commission [4].
CNH brand New Holland wins two 2025 Agritechnica Innovation Awards
Globenewswire· 2025-09-22 12:00
Core Insights - New Holland, a global agriculture brand of CNH, won two silver medals at the 2025 Agritechnica Innovation Awards for its Corn Header Automation and ForageCam™ technologies, both recognized as industry-first innovations [1][2] Group 1: Innovations and Technologies - The Corn Header Automation system utilizes advanced AI and automation to optimize corn harvesting by automatically adjusting header settings, enhancing efficiency, reducing crop loss, minimizing fuel use, and saving time, ultimately leading to higher quality grain [2][3] - ForageCam™ employs a camera for smart crop monitoring during forage harvesting, providing real-time kernel processing scores to assess kernel quality, which is crucial for silage quality and livestock nutrition [3][4] Group 2: Company Overview - CNH Industrial is a leading equipment, technology, and services company focused on innovation, sustainability, and productivity, providing strategic direction and R&D capabilities for its global brands [5][6] - The company has a diverse workforce of over 35,000 employees and emphasizes empowering customers to enhance their operations and contribute to a better world [6]
Inside information: Carl Haglund appointed as CEO of KH Group Plc
Globenewswire· 2025-09-19 12:20
Group 1 - KH Group Plc has appointed Carl Haglund as the new CEO, effective September 19, 2025, while he will also continue as Chair of the Board of Directors of Nordic Rescue Group [1][2] - Carl Haglund has extensive experience, having served as CEO of Veritas Pension Insurance Company and held senior roles at Accenture and Sunshine Kaidi New Energy Group, as well as positions in Finnish Parliament and European Parliament [2] - The previous CEO, Ville Nikulainen, will leave his position but will remain with the company to assist in the strategic transformation process until the end of 2025 [2][3] Group 2 - The Board of Directors of KH Group, led by Juha Karttunen, expressed gratitude to Ville Nikulainen for his contributions during the company's transformation journey [3] - KH Group is a Nordic conglomerate involved in construction and earth-moving equipment, rescue vehicle manufacturing, and interior decoration retail, with a strategy focused on creating an industrial group around KH-Koneet [4]
Multi Ways Holdings Announces Closing of $1.485 Million Registered Direct Offering
Globenewswire· 2025-09-15 20:20
Core Viewpoint - Multi Ways Holdings Limited has successfully closed a registered direct offering of 9,000,000 ordinary shares and warrants, raising gross proceeds of $1,485,000, which will be used for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering was priced at $0.165 per ordinary share and accompanying warrant, with each warrant exercisable at $0.198 per share for five years following issuance [2]. - Spartan Capital Securities, LLC acted as the exclusive placement agent for this offering, while Ortoli Rosenstadt LLP and Sichenzia Ross Ference Carmel LLP served as legal counsel for the Company and the placement agent, respectively [3]. Group 2: Regulatory Information - The registered direct offering was conducted under an effective registration statement on Form F-1, initially filed with the Securities and Exchange Commission on March 28, 2025, and declared effective on September 10, 2025 [4]. Group 3: Company Overview - Multi Ways Holdings Limited is a prominent supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience in the industry [6]. - The Company is recognized as a reliable supplier of both new and used heavy construction equipment, serving customers from various countries including Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines [6].
Multi Ways Holdings Announces Pricing of $1.485 Million Registered Direct Offering
Globenewswire· 2025-09-12 20:15
Core Viewpoint - Multi Ways Holdings Limited announced a registered direct offering of 9,000,000 ordinary shares and warrants, aiming to raise approximately $1,485,000 for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering is priced at $0.165 per ordinary share and accompanying warrant, with each warrant exercisable at $0.198 per share for five years [2]. - The offering is expected to close on or about September 15, 2025, subject to customary closing conditions [3]. Group 2: Company Background - Multi Ways Holdings is a leading supplier of heavy construction equipment for sales and rental in Singapore and the surrounding region, with over two decades of experience [5]. - The company serves a diverse customer base, including clients from Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines, positioning itself as a one-stop shop for heavy construction equipment [5].
Polar Power and ZQuip Collaborate to Develop and Supply DC Hybrid Power Systems for the Construction Equipment Industry
Globenewswire· 2025-09-04 13:15
Core Viewpoint - Polar Power, Inc. has announced a collaboration with ZQuip to develop DC hybrid power systems specifically designed for construction equipment, aiming to reduce emissions, noise, and operational costs in the construction industry [1][2]. Company Overview - Polar Power, Inc. specializes in manufacturing DC generators and battery charging systems for various sectors, including telecom, military, and microgrids [1][8]. - ZQuip, a part of Moog Inc., focuses on developing flexible energy systems that integrate zero-emission and low-emission solutions into machinery [9]. Product Development - The collaboration has led to the design of a compact diesel-fueled charging system for electric construction vehicles, which serves as a range extender and can be used for charging electric vehicles and battery modules [2][4]. - The on-board DC charging modules eliminate the need for extensive site charging infrastructure, ensuring equipment remains operational and can be serviced quickly [4]. Industry Context - Traditional construction equipment relies on large diesel engines, which create environmental and noise challenges, particularly in urban areas. The shift to electric hybrid machinery offers benefits such as lower fuel and maintenance costs and compliance with emission regulations [3][6]. - The construction industry is increasingly focused on reducing emissions and noise, with companies recognizing the need for flexible solutions that can adapt to site logistics and economic conditions [7]. Technological Advantages - Polar Power's DC generators are approximately 40% more fuel-efficient in battery charging applications compared to AC generators, due to the avoidance of AC to DC conversion [5]. - The modular charging systems developed in collaboration with ZQuip allow fleet operators to customize capacity and enhance cost efficiency by leveraging common battery packs across different machines [6].
X @Investopedia
Investopedia· 2025-08-29 17:30
Market Performance - Caterpillar shares experienced a decline on Friday [1] Risk Assessment - Tariffs are projected to have a greater negative impact on Caterpillar's results this year [1] Industry Impact - The construction equipment industry is facing potential headwinds due to tariffs [1]
CNH announces pricing of its offering of €500,000,000 3.875% notes due September 2035
Globenewswire· 2025-08-27 17:30
Core Viewpoint - CNH Industrial N.V. has successfully priced an offering of €500,000,000 in principal amount of 3.875% notes due September 3, 2035, with an issue price of 98.906% of the principal amount [1][2]. Group 1: Offering Details - The closing of the offering is expected on September 3, 2025, and the notes will be issued under CNH's Euro Medium Term Note Programme [2]. - The net proceeds from the offering will be used for general corporate purposes, including repayment of existing debt [2]. - Application will be made for the notes to be admitted to trading on the Global Exchange Market of Euronext Dublin [2]. Group 2: Regulatory and Distribution Information - The notes will be offered and sold only outside the United States to institutional investors that are not "U.S. persons" and will not be registered under the U.S. Securities Act [4][5]. - The offering has not been registered with the Commissione Nazionale per le Societá e la Borsa (CONSOB) under Italian securities legislation, and may only be offered to qualified investors [6]. - This press release is directed only to persons outside the United Kingdom and those with professional experience in investment matters [7]. Group 3: Company Overview - CNH Industrial is a global equipment, technology, and services company focused on innovation, sustainability, and productivity [11]. - The company provides strategic direction and R&D capabilities to its brands, including Case IH, New Holland, CASE, and others, delivering a full lineup of agricultural and construction products [11]. - CNH has a history of over two centuries as a pioneer in its sectors, with a workforce of over 35,000 employees dedicated to customer success [12].
Coastline Equipment Named Newest Trimble Technology Outlet
Prnewswire· 2025-08-26 10:30
Core Insights - Trimble has announced Coastline Equipment as the newest Trimble Technology Outlet, enabling Coastline to sell Trimble's grade control, site positioning systems, and correction services directly to customers using John Deere and Hamm earthmoving equipment [1][2][3] Group 1: Company Overview - Coastline Equipment is based in Long Beach, California, and serves customers in southern California, southern Nevada, and southwestern Idaho [3][4] - Coastline is an authorized dealer for John Deere and Wirtgen Group, providing advanced machine control systems, certified parts advisors, factory-trained technicians, and a full range of equipment sales, rentals, parts, service, and technology support [7][8] Group 2: Trimble's Strategy - The addition of Coastline as an authorized reseller is part of Trimble's civil construction distribution strategy, aimed at making it easier for users of various machine types to purchase and utilize Trimble technology [3][4] - Trimble's technology includes subscription bundles that offer contractors flexible options to scale operations and select the right civil construction technology for their business needs [1][4] Group 3: Benefits to Customers - Coastline customers can expect exceptional support, including installation, service, and training for Trimble's grade control solutions [4][5] - The collaboration between Trimble and Coastline aims to enhance productivity and profitability for contractors by integrating Trimble technology into their operations, regardless of the machine type used [4][5]
Trimble and Hyundai Announce Trimble Ready Option for New Line of HD130A Dozers
Prnewswire· 2025-08-19 10:30
Core Insights - Trimble and Hyundai Construction Equipment have launched a Trimble Ready 3D option for the new HD130A bulldozers, enhancing productivity and accuracy for operators globally [1][2][3] Group 1: Product Features - The Trimble Ready HD130A bulldozers can be shipped directly from the factory with a Trimble Ready kit, facilitating easy installation of the Trimble Earthworks grade control platform [2][3] - Trimble Earthworks technology allows for real-time project design integration in the cab, automatically adjusting the blade's position for improved operational efficiency [2][3] Group 2: Collaboration and Innovation - The partnership between Trimble and Hyundai aims to enhance operator assist features and promote cloud collaboration, further integrating digital and physical construction processes [3][4] - The collaboration is positioned as a key strategy for delivering smarter, more connected solutions to construction sites, thereby increasing overall productivity [4] Group 3: Support and Availability - Trimble's SITECH dealer channel and authorized resellers provide installation services, training, and technical support for the Trimble Earthworks platform on Hyundai HD130A bulldozers [5] - The Trimble Earthworks 3D grade control option is available internationally through SITECH dealers or select authorized resellers, supporting various sensor configurations [6][7] Group 4: Company Background - Hyundai Construction Equipment Europe is recognized as a leader in the European construction equipment market, known for its advanced automation and innovative engineering [8] - The company offers a diverse range of construction machinery and distributes its products through a network of over 140 dealers across more than 30 countries [8]