Landscape Contractor / Design Build Maintain

AUG 2017

LC/DBM provides landscape contractors with Educational, Imaginative and Practical information about their business, their employees, their machines and their projects.

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Page 23 of 71

Looking toward the future of con- struction, a wholly owned subsidiary of Caterpillar Inc. is investing $2 million, with an option to invest a further $8 million, in Australian robotic technology company Fastbrick Robotics Limited. The two companies have also entered into a memorandum of understanding to discuss and develop a potential framework for collabora - tion regarding the development, manufacturing, sales, and services of robotic bricklaying technology. The MOU establishes a strategic alliance board with representatives from both companies that intends to develop a framework and consider how to best offer this technology to existing customers. 24 LC DBM I n f o r m a t i o n R e q u e s t # 4 4 7 Ground Gains Mergers, Acquisitions, Expansions A manufacturer of electronic tech - nology to support the installation and maintenance of underground pipe and cable, Subsite Elec - tronics, acquired the assets of R.S. Technical Services Inc., which manufactures closed-circuit television remote inspec - tion and monitoring cameras. The deal adds advanced inspection capabilities to the buyer's line of Underground Aware - ness™ solutions. The seller's innovations include the first true pan-tilt camera with tracking lights from a U.S. manufacturer, and the first steerable storm drain tractor or large pipeline tractor. Continuing in acquisition mode, Sunbelt Rentals, based in Fort Mill, South Carolina, recently added a handful of companies over the past few months, including most recently Van's Equip - ment Co. in Denver and MSP Equip- ment Rentals, based in New Castle, Delaware. The former includes two Colorado-based locations. The latter, with another location in Laurel, Dela - ware, serves the Philadelphia metro area, the entire state of Delaware, southern New Jersey and northern Maryland.

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