M&A Deal Summary

UGM Mining Solutions Pty Acquires ICG ADDCAR Systems

On February 10, 2014, UGM Mining Solutions Pty acquired machinery company ICG ADDCAR Systems from Arch for 21M USD

Acquisition Highlights
  • This is UGM Mining Solutions Pty’s 1st transaction in the Machinery sector.
  • This is UGM Mining Solutions Pty’s largest (disclosed) transaction.
  • This is UGM Mining Solutions Pty’s 1st transaction in the United States.
  • This is UGM Mining Solutions Pty’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2014-02-10
Target ICG ADDCAR Systems
Sector Machinery
Buyer(s) UGM Mining Solutions Pty
Sellers(s) Arch
Deal Type Divestiture
Deal Value 21M USD

Target

ICG ADDCAR Systems

Ashland,, Kentucky, United States
ICG ADDCAR Systems, LLC, primary business is manufacturing, servicing and operating highwall mining equipment.

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Buyer(S) 1

Buyer

UGM Mining Solutions Pty

Teralba, Australia

Category Company
Sector Metals/Mining
DESCRIPTION

UGM Mining Solutions Pty Ltd. is a underground coal mining contractor. It focuses on coal cutting; conveyor installation and maintenance; outbye services including secondary roof support, ventilation and civil services; and diesel fleet hire and servicing.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Arch

St. Louis, Missouri, United States

Category Company
Founded 1969
Sector Metals/Mining
Employees3,404
Revenue 3.1B USD (2023)
DESCRIPTION

Arch is a coal producer and marketer. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. Arch was founded in 1969 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 4 of 4
Sector (Machinery) 1 of 1
Type (Divestiture) 4 of 4
State (Kentucky) 1 of 1
Country (United States) 4 of 4
Year (2014) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 Patriot Coal - Guffy property

United States

Patriot Coal - Guffy property reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, and are of comparable quality to Leer's high-volatile "A" metallurgical coal reserves. The addition of the Guffy reserves will enable Arch to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by nearly three years.

Buy $16M