Yanmar to buy ASV

Japanese manufacturer Yanmar is to acquire US-based compact tracked and wheeled skid steer loader producer ASV for US$70.7 million.

ASV’s compact tracked loaders and skid steer loaders complement Yanmar’s compact equipment portfolio

This was said to be a key part of Yanmar’s long-term international growth plans since ASV’semployee base, manufacturing and distribution facility, international distribution network and supply chain all provide a strong platform for expansion in North America. Continue reading “Yanmar to buy ASV”

Dana acquires SME Group

Vehicle transmission and component company Dana Incorporated in the USA has completed the acquisition of Italian electric motor manufacturer SME Group.

Dana and SMEHeadquartered 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”

International acquisitions for Atlas Copco

Agg-NET, December 12, 2017

Atlas Copco drill rig

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”

Deere complete acquisition of Wirtgen Group

John DeereDEERE 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”

Deere to acquire Wirtgen Group for €4.6 billion

US  machinery giant aiming to establish leadership position in road construction equipment

Deere to acquire Wirtgen Group for €4.6 billionDEERE & 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 acquisition of Joy Global completes

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”

Hitachi follows Bradken acquisition with H-E Parts buy

By Paul Moore, 23rd December 2016 on IM-Mining

Joy Global stockholders overwhelmingly approve acquisition by Komatsu

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”

Hitachi Construction Machinery buying Bradken

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”

Hitachi Construction Machinery Co. plans to buy Australia’s Bradken Ltd., in its largest ever purchase.

Hitachi Construction Machinery offers $529 million for Bradken
Hitachi Construction Machinery offers $529 million for Bradken
Hitachi excavators are sold at an industrial equipment auction in Dunnigan, California.

Hitachi Construction Machinery Co., the world’s biggest maker of giant excavators, has offered 689 million Australian dollars ($529 million) to buy Australia’s Bradken Ltd. The purchase would be its biggest ever and is likely to boost profit by about 10 percent, Nomura Securities Co. said.

Continue reading “Hitachi Construction Machinery Co. plans to buy Australia’s Bradken Ltd., in its largest ever purchase.”

Komatsu and Joy Global CEOs talk commitment to mining innovation at MINExpo

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”

Hitachi Expands Its Mining Business by Acquisition of Wenco

3 Jul, 2009, as published on the Hitachi CM Global site

Hitachi Construction Machinery Co., Ltd. (Tokyo Stock Exchange, First Section)(“HCM”) announced that it will expand its mining business, particularly in resource rich regions of the world.

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”