Japanese manufacturer Yanmar is to acquire US-based compact tracked and wheeled skid steer loader producer ASV for US$70.7 million.
Vehicle transmission and component company Dana Incorporated in the USA has completed the acquisition of Italian electric motor manufacturer SME Group.
Headquartered in Arzignano, SME designs and builds low-voltage AC induction and synchronous motors, inverters, and controls for off-highway vehicles, including material handling, construction and agricultural equipment. Continue reading “Dana acquires SME Group”
Agg-NET, December 12, 2017
ATLAS Copco are to acquire Utah-based Cate Drilling Solutions LLC for an undisclosed sum. The company, which distributes and services Atlas Copco drilling equipment, is active in the US states of Utah, Nevada, Wyoming and Idaho. Continue reading “International acquisitions for Atlas Copco”
AGG-NET Friday, December 8, 2017
US farm machinery giant establishes leading position in road construction equipment
DEERE Company (John Deere) have completed their €4.6 billion acquisition of the Wirtgen Group, the world’s leading manufacturer of road construction equipment.
Continue reading “Deere complete acquisition of Wirtgen Group”
US machinery giant aiming to establish leadership position in road construction equipment
DEERE & Company (John Deere), the Illinois-based agricultural equipment manufacturers, have signed a definitive agreement to acquire the Wirtgen Group for €4.357 billion in cash. Including debt and other considerations, the total enterprise value for the deal is €4.6 billion (US$5.2 billion). Continue reading “Deere to acquire Wirtgen Group for €4.6 billion”
Komatsu America Corp, a subsidiary of Komatsu Ltd, has completed its acquisition of Joy Global Inc, a worldwide leader in high-productivity mining solutions. Retaining its headquarters in Milwaukee, Joy Global will be renamed Komatsu Mining Corp and operate as a subsidiary of Komatsu. Continue reading “Komatsu acquisition of Joy Global completes”
By Paul Moore, 23rd December 2016 on IM-Mining
As reported in Nikkei Asian Review, Hitachi Construction Machinery has acquired two suppliers of parts and services for mining equipment with operations in the US and Australia, continuing its expansion into the support business amid sluggish demand in its mainstay machinery market.
Joy Global stockholders have overwhelmingly voted to approve the company’s pending acquisition by Komatsu America Corp.
“We are pleased with the outcome of today’s vote and appreciate the support we have received from Joy Global stockholders for the Komatsu transaction,” Continue reading “Joy Global stockholders overwhelmingly approve acquisition by Komatsu”
Bradken has agreed to a takeover bid by Japan’s Hitachi Construction Machinery (HCM) in a deal analysts say may indicate the worst of the mining downturn has passed. Yuichi Tsujimoto, HCM President said his company believes Bradken’s “businesses are complementary with our mining equipment services business. Both companies leveraging each other’s global network will enable us to strengthen our combined businesses and enhance our earnings.” Continue reading “Hitachi Construction Machinery buying Bradken”
Last week Tetsuji (Ted) Ohashi, President and CEO of Komatsu Ltd, and Ted Doheny, President and CEO of Joy Global Inc, met in Las Vegas. Both companies had a major presence at this year’s show. In July the two companies announced an agreement in which Komatsu will acquire Joy Global. During their meeting on September 26, Ohashi and Doheny reaffirmed their commitment to pursue new innovations that drive customer benefits after the acquisition is complete. The companies are working to finalize the transaction by mid-2017.
Continue reading “Komatsu and Joy Global CEOs talk commitment to mining innovation at MINExpo”
3 Jul, 2009, as published on the Hitachi CM Global site
HCM has made a strategic investment and purchased a significant interest in Wenco International Mining Systems, Ltd. (“Wenco”). Wenco is a leading producer of fleet management systems and an innovator of technology to improve mine operation efficiency. Continue reading “Hitachi Expands Its Mining Business by Acquisition of Wenco”