Announced
Completed
Financials
Tags
Completed
conveyor systems
Diversified Industrials
Private
Acquisition
Friendly
Australia
United States
Single Bidder
Private Equity
construction equipment
conveying solutions
Cross Border
Majority
Synopsis
Stellex Capital Management, a provider of investment services, completed the acquisition of conveying businesses in United States and Australia from Komatsu, a company that manufactures construction, mining, forestry and military equipment. Financial terms were not disclosed. “This is a great opportunity for our conveying teams in the US and Australia to be part of a new organization with a partner committed to investing in its growth. Stellex has a history of investing in businesses with similar profiles and has a record of success," Peter Salditt, Komatsu Mining President.
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