M&A Deal Summary

Komatsu Mining Acquires Wuxi Shengda Machinery

On December 22, 2008, Komatsu Mining acquired machinery company Wuxi Shengda Machinery from China Mining Machinery for 22M USD

Acquisition Highlights
  • This is Komatsu Mining’s 2nd transaction in the Machinery sector.
  • This is Komatsu Mining’s 5th largest (disclosed) transaction.
  • This is Komatsu Mining’s 1st transaction in China.

M&A Deal Summary

Date 2008-12-22
Target Wuxi Shengda Machinery
Sector Machinery
Buyer(s) Komatsu Mining
Sellers(s) China Mining Machinery
Deal Type Divestiture
Deal Value 22M USD

Target

Wuxi Shengda Machinery

Wuxi, China
website
Wuxi Shengda, a Chinese manufacturer of longwall shearing machines.

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Buyer(S) 1

Buyer

Komatsu Mining

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1884
Sector Machinery
Employees13,400
Revenue 3.2B USD (2015)
DESCRIPTION

Komatsu Mining is a producer of high-productivity mining solutions. The Company manufactures and markets original equipment and aftermarket parts and services for the mining sector. Joy Global's products and related services are used extensively for the mining of coal, copper, iron ore, oil sands, gold, and other mineral resources. Komatsu Mining was formerly known as Joy Global. The Company was established in 1884 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 2 of 7
Sector (Machinery) 2 of 6
Type (Divestiture) 2 of 4
Country (China) 1 of 2
Year (2008) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 Continental Global

Northlake, Illinois, United States

Continental Global, Inc. designs, manufactures, installs and services highly engineered conveyor systems for customers on six continents and has manufacturing facilities in the United States, United Kingdom, South Africa and Australia.

Buy $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 LeTourneau Technologies

Houston, Texas, United States

LeTourneau designs, builds and supports equipment for the mining and oil and gas drilling industries.

Buy $1.1B

Seller(S) 1

SELLER

China Mining Machinery

China

Category Company
Sector Machinery
DESCRIPTION

China Mining Machinery a provider of shearing machines.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1