Add-on Acquisition • Machinery

Komatsu Mining Acquires Mining Technologies International

On June 2, 2014, Komatsu Mining acquired machinery company Mining Technologies International for 51M CAD

Acquisition Context
  • This is Komatsu Mining’s 4th transaction in the Machinery sector.
  • This is Komatsu Mining’s 3rd largest (disclosed) transaction.
  • This is Komatsu Mining’s 1st transaction in Canada.
  • This is Komatsu Mining’s 1st transaction in Ontario.

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M&A Deal Summary

Date June 2, 2014
Target Mining Technologies International
Sector Machinery
Buyer(s) Komatsu Mining
Deal Type Add-on Acquisition
Deal Value 51M CAD

Target Company

Mining Technologies International

Lively, Ontario, Canada
MTI is a Canadian manufacturer of underground hard rock mining equipment serving the North American markets and a world leading supplier of raise bore drilling consumables. The Company is acquiring substantially all of the assets associated with MTI's hard rock drilling, loaders, dump trucks, shaft sinking, and raise bore product lines.
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Buyer Overview 1

Buyer

Komatsu Mining

Milwaukee, Wisconsin, United States

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 Context for Buyer #
Overall 5 of 7
Sector: Machinery 4 of 6
Type: Add-on Acquisition 1 of 2
State: Ontario 1 of 2
Country: Canada 1 of 2
Year: 2014 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 International Mining Machinery

Jixi, China

International Mining Machinery Ltd. was formed in 2006 to acquire Jixi Coal Mining Machinery Co., Ltd. (Jixi Machinery) and Jiamusi Coal Mining Machinery Co., Ltd. (Jiamusi Machinery). Jixi Machinery is headquartered in Jixi, Heilongjiang Province, China and is the leading manufacturer of shearers in China. The shearer is the ?workhorse? of mine equipment that does the actual cutting of the coal from the coal face in underground longwall mining. Jiamusi Machinery is headquartered in Jiamusi, Heilongjiang Province, China and is the leading manufacturer of roadheaders in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Montabert SAS

Saint-Priest, France

Montabert specializes in the design, production and distribution of high quality hydraulic rock breakers, pneumatic equipment, drilling attachments, drifters and related parts and tools.

Buy €110M