Archives: Mining mergers and acquisitions

REMA TIP TOP Australia says it is extending its existing range of material processing, wear protection and surface protection capabilities with the addition of civil, structural steel, mechanical and piping entity Drew Project Services. The new agreement bolsters REMA TIP TOP’s experience in the installation and maintenance of conveyor systems for Australia’s leading industrial companies,[…]

In response to media speculation, Perenti has confirmed it is “currently giving consideration” to the potential purchase of Downer EDI’s mining services division. “The process is ongoing and Perenti would only put forward an offer to acquire the business if it were to align with its strategy and deliver value for the company’s shareholders,” it[…]

Barloworld says its Mongolia subsidiary has entered into an agreement to acquire 100% of Wagner Asia Equipment and 49% of SGMS LLC to help establish a new Eurasia-focused equipment unit. The Caterpillar dealer has agreed to pay $216.8 million as part of the transaction, which will see the remainder of SGMS continue to be held[…]

Emeco Holdings looks to have found an entry into the underground contract mining and equipment rental space after having signed an agreement to acquire Pit N Portal in a deal that comes with an enterprise value of A$72 million ($49 million). The binding agreement would see Emeco acquire Pit N Portal Mining Services and Pit[…]

CR Digital has agreed terms to acquire Seattle-based Thunderbird Mining Systems in a transaction that, it says, further expands CQMS Razer’s digital technology division’s product offering, IP, sales/marketing and technical support activities. Thunderbird founder, John Vynne, and his team have been pioneering measurement while drilling (MWD) technologies since founding the company and have a rich[…]

Danfoss has entered into an agreement to acquire Eaton’s Hydraulics business, creating a “global leader in mobile and industrial hydraulics”, Kim Fausing, Danfoss’ President and CEO, says. The company has agreed to pay $3.3 billion for the business, explaining that the acquisition is fully in line with Danfoss’ strategy to strengthen its core businesses and enhance[…]

Rock drilling tools specialist, Mincon, has agreed to acquire Lehti Group to further enhance its manufacturing capability in the geotechnical/construction markets. The acquisition of Finland-based Lehti follows on from the addition of PPV Oy, in 2017, a company that became a key part of the engineering hub in Mincon Nordic, focusing on accessing the geotechnical/construction[…]

Envirosuite Ltd (EVS) says it has signed a binding agreement to acquire EMS Bruel & Kjaer Holdings, a global provider of continuous, unattended environmental monitoring solutions. EVS says it sees significant opportunity for short-term cross-sell and up-sell opportunities across the respective industry sectors of EVS and EMS, including mining, Smart Cities, airports, waste and wastewater,[…]

GR Engineering Services has entered into an agreement to acquire Hanlon Engineering & Associates Inc as it looks to grow its existing footprint within the Americas. Hanlon, based in Arizona, USA, is a multi-disciplinary engineering services firm that provides engineering, procurement and construction management services to the mining sector in North America. It was established[…]

Teck Resources says it has purchased the SunMine solar energy facility in Kimberley, British Columbia, from the City of Kimberley. SunMine, located on fully reclaimed land at Teck’s former Sullivan Mine site, is a 1.05 MW solar facility that has been operational since 2015. It is the first grid-connected solar facility in the province and[…]