Announced
Financials
Sources
Tags
civil engineering
Pending
Acquisition
Machinery: Construction
Friendly
engineering equipments
Cross Border
Germany
Majority
Private
Single Bidder
Synopsis
Komatsu, a Japanese multinational company, agreed to acquire GHH Group, a manufacturer of underground mining, tunnelling and special civil engineering equipment. Financial terms were not disclosed. “We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its offerings for underground mining equipment and accelerate new product development through synergies with Komatsu’s existing team and product offerings. By adding GHH’s factories and rebuild facilities in key markets in Europe, South Africa, India and Chile, we also aim to strengthen production and service capabilities for our customers," Peter Salditt, Komatsu Mining President and CEO.
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