Komatsu announces plans to acquire GHH Group
Published by Will Owen,
Global Mining Review,
Komatsu has entered into an agreement to acquire GHH Group GmbH, a manufacturer of underground mining, tunnelling and special civil engineering equipment, headquartered in Gelsenkirchen, Germany.
Founded in the 1960s and currently part of the German-owned Schmidt Kranz Group, GHH offers a wide range of equipment focused on loaders (LHDs) and articulated dump trucks in the mid-seam mass mining, narrow vein, and low-profile market segments. The company also supports customers with aftermarket parts and service support through the entire life of each machine. With this acquisition, Komatsu will add GHH’s factories and rebuild facilities in key markets, in addition to its robust product offerings and talented staff.
Peter Salditt, President and CEO, Komatsu Mining Corp., comments:
“We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its offerings for underground mining equipment, and accelerate new product development through synergies with Komatsu’s existing team and product offerings.
“By adding GHH’s factories and rebuild facilities in key markets in Europe, South Africa, India, and Chile. We also aim to strengthen production and service capabilities for our customers.”
Komatsu intends to continue the excellent service GHH provides and plans to support business as usual post-acquisition. The combined team will then work together to expand Komatsu’s offering for underground mining equipment and increase customer access to products in new territories.
Dr. Jan Petzold, CEO, GHH Group, said:
“GHH is excited to be able to start a new journey with a strong player in the mining world. This opens huge doors for our people and our products to develop further and grow beyond what we could have hoped for.
“This is the next logical step in becoming a true global player and we look forward to becoming part of the Komatsu family.”
The official close of the acquisition is projected for 1H23.
Read the article online at: https://www.globalminingreview.com/mining/20122022/komatsu-announces-plans-to-acquire-ghh-group/
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