Archives: Mining mergers and acquisitions

Peabody and Arch Coal announced that they have entered into a definitive agreement to combine the companies’ Powder River Basin and Colorado assets, in the US, in what they call “a highly synergistic joint venture” aimed at strengthening the competitiveness of coal against natural gas and renewables. The joint venture is expected to unlock synergies[…]

Newtrax Technologies says it has now officially been acquired by Sandvik to be run as an independent business unit within the Rock Drills and Technologies division of the Sandvik Mining and Rock Technology business area. Newtrax, headquartered in Montreal, Canada, generated revenues of approximately C$26 million ($19 million) in 2018. The deal was previously announced[…]

Metso has signed an agreement to acquire McCloskey International, a Canada-based mobile crushing and screening equipment manufacturer with market share in the aggregates sector, as well as customers in the frac sand and industrial minerals segments. “The mobile aggregate equipment market is expected to grow by 4-6% annually during 2019-2023, driven by the underlying road[…]

National Group says it recently acquired Wolff Group, bolting on a range of automated and innovative solutions such as large scale satellite bulk dozer push and semi-autonomous blast hole drilling to its existing range of mining services. Wolff, the first company in Australia to use Command for dozing, a Cat® Minestar™ offering, also provides contract[…]

Mine Vision Systems and Peck Tech Consulting have announced the intent to combine their products, services and expertise to deliver, they say, “industry leading, innovative 3D mobile mapping solutions for GPS-denied environments.” MVS is an industry funded spin-off from Carnegie Mellon University’s National Robotics Engineering Center with a portfolio of patented and proprietary solutions for[…]

ASX-listed Macmahon Holdings has, following market speculation, confirmed it is in discussions with GBF Underground Mining Co (GBF) in relation to a potential acquisition of the contractor. Macmahon said it has not yet agreed terms or entered into binding purchase documentation for any acquisition, but did say, if acquisition terms are agreed, any consideration would[…]

KPS Capital Partners says it has signed a definitive agreement to acquire air and gas handling products and services company Howden for an enterprise value of $1.8 billion. The company will buy the Scotland-based company from Colfax Corp, it said, paying $1.66 billion in cash and assuming $140 million in “assumed liabilities and minority interest”.[…]

ASX-listed Qube Holdings has acquired industrial logistics company LCR, building up its mining and industrial services capabilities. The deal was estimated to cost around A$135 million ($92.7 million), which would be funded by Qube’s existing undrawn debt facilities. LCR is a “leading specialist provider of outsourced industrial logistics services, operating across mining, heavy transport, mobile[…]

Outotec has agreed to sell its fabrication and manufacturing businesses in South Africa and Mozambique to SPS Holdings Company, a firm which will then become Outotec’s agent to the ferrochrome industry in that part of the world. The transaction is expected to become effective on June 1, but both parties have agreed not to disclose[…]

Metso has completed its acquisition of HighService Service, the service division of the Chilean mining engineering, construction and technology company HighService Corp, adding around 1,000 employees to its expanding Latin America operations. The acquisition was announced in January and was approved by the Chilean competition authority in March. Mikko Keto, President of Metso’s Minerals Services[…]