Archives: Mining mergers and acquisitions

ABB says it has reached an agreement to divest its remaining 19.9% stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020 to Hitachi, Ltd. Hitachi has exercised its call option that was agreed between the parties in December 2018, agreeing to pay $1.679 billion to acquire the[…]

Tetra Tech Inc looks to have won the battle for environmental and social engagement consulting specialist, RPS Group plc, after the boards of both companies reached agreement on the terms of a recommended cash acquisition whereby a Tetra Tech subsidiary will acquire RPS. The £2.22/share ($2.39/share), all-cash acquisition price trumps the £2.06/share price WSP offered[…]

WSP Global Inc has completed its previously announced acquisition of the Environment & Infrastructure business (E&I) of John Wood Group plc, providing WSP Global with further opportunities to grow in the environmental and water sectors. E&I provides engineering, remediation consulting, environmental permitting, inspection, monitoring and environmental management services to government, industrial, infrastructure, oil and gas,[…]

Continental is expanding its presence in Sweden with the acquisition of conveyor and maintenance company, Vulk & Montage, based in Karlstad. Vulk & Montage has four locations in Karlstad (headquarters), Örebro, Mora and Stockholm, Sweden. The company is a leading service provider for the conveyor industry in central Sweden, operating out of its four branches[…]

Turner & Townsend has acquired JukesTodd, an advisory and project management firm founded in Brisbane, Australia, doubling the size of its natural resources business in Australia. The strategic move will, the company says, create a uniquely positioned business that offers independent advice through a standout advisory, project management and commercial management offer in the Australia[…]

Ground Force Worldwide, a subsidiary of Federal Signal Corporation, has announced the signing of a definitive agreement to acquire substantially all the assets and operations of TowHaul Corporation. Located in Belgrade, Montana, USA, TowHaul has been designing and manufacturing heavy-duty, off-road specialty metal extraction support equipment, including its signature front- and rear-loading lowboy trailers, for[…]

On September 1, 2022, one of the largest mining equipment and technology deals in history was completed as FLSmidth closed its acquisition of the Mining business of thyssenkrupp AG first announced in July 2021, following the approval from regulators globally. With immediate effect, thyssenkrupp Mining becomes part of FLSmidth. But what does it mean for[…]

Metso Outotec says it has closed the acquisition of Global Physical Asset Management, a technology provider based in North America, further strengthening the OEM’s capabilities in digital field service inspections for grinding. The innovative technologies and digital inspection method of Global Physical Asset Management are patented and fully complementary to Metso Outotec’s current service offering[…]

Thiess looks like winning the acquisition tussle for fellow contract miner MACA after an increased all-cash offer was recommended by the MACA Board and NRW Holdings said it would no longer be pursuing a potential deal. Thiess recently increased its offer price from A$1.025 ($0.71) of cash per MACA share to A$1.0751 of cash per[…]

Epiroc has signed an agreement to acquire South Africa-based low-profile mining equipment manufacturing specialist, AARD Mining Equipment, in a deal that will see the Stockholm-based OEM further strengthen its growth ambitions in Africa and beyond, Helena Hedblom says. AARD, based near Johannesburg, designs, manufactures, services and supports a wide range of mining equipment, specialising in[…]