Archives: Mining mergers and acquisitions

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[…]

Strata Worldwide says it has acquired the assets and intellectual property rights to Bright Path AI (BPAI) and its artificial intelligence-backed camera solution, developed by Boral Limited and Firetail Pty Ltd. The acquisition of the BPAI technology and software platform will enable Strata to provide customers with powerful systems that allow operators from several industries[…]

Austin Engineering Limited says it has entered into a binding agreement to acquire Australia-based mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of A$19.6 million ($13.4 million), funded through cash reserves and debt. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years following completion, Austin[…]

Vysarn Limited has entered into a binding Share Sale Agreement (SSA) for the acquisition of Project Engineering (WA) Pty Ltd, a hydraulic engineering business that primarily services the resource sector in Western Australia. Under the SSA, the company will acquire 100% of the issued shares in ProEng for a consideration of A$2.6 million ($1.8 million)[…]

ABB says it has signed an agreement to purchase Siemens’ low voltage NEMA motor business in a move that could see NEMA’s mining customers in North America benefit from improved support. With manufacturing operations in Guadalajara, Mexico, this acquisition provides a well-regarded product portfolio, a longstanding North American customer base, and an experienced operations, sales[…]