United Tractors to acquire a 19.99% stake in Nickel Industries for $633m.

United Tractors, a heavy equipment distributor, agreed to acquire a 19.99% stake in Nickel Industries, a mining services provider, for $633m. “The acquisition of a strategic minority stake in Nickel Industries is another important step in the diversification of our business. It will build our integrated nickel strategy and our broader Group’s continued expansion in the electric vehicle supply chain,” Frans Kesuma, United Tractors President Director.