Heavy Machinery

volvo introduces electric excavator and wheel loader to north america

Volvo Introduces Electric Excavator and Wheel Loader to North America

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Volvo Construction Equipment is set to launch its EC230 Electric excavator and L120 Electric wheel loader in North America early next year. This announcement was made during the Volvo Days event in Shippensburg, Pennsylvania. These mid-size electric machines are designed to meet the increasing demand for more powerful, environmentally friendly construction equipment. Dr. Ray Gallant, …

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Saudi Arabia’s Zahid Group Eyes Acquisition of South African Giant Barloworld

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In a move that could significantly alter the landscape of heavy machinery distribution in Africa, Saudi Arabia’s Zahid Group is reportedly in negotiations to acquire Barloworld Ltd., a leading South African distributor of Caterpillar Inc. machinery. The potential acquisition is valued at approximately 16.4 billion rand, or around $886 million. This development follows an April …

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