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JLG parent company to acquire AUSA

Oshkosh Corp., the parent company JLG Industries, has entered into a definitive agreement to acquire AUSACORP S.L., an international company and manufacturer of wheeled dumpers, rough-terrain forklifts and telehandlers for the construction, material handling, agriculture, landscape and specialty equipment industries. 

Equipment rental industry remains resilient

Equipment rental revenue, comprised of the construction/industrial and general tool segments, is expected to grow by 7.1 percent in 2024 to reach a record total of nearly $76.6 billion, topping the nearly $71.5 billion recorded in 2023, according to the latest forecast released in early November by the American Rental Association (ARA).