Published on: September/October 2016
By Kylie Williams
Komatsu, the world’s second largest manufacturer and supplier of earth-moving equipment, announced on July 21 it would buy Joy Global, a leading manufacturer of surface and underground mining equipment, for US$3.7 billion cash.
The deal is expected to close in mid-2017 and will add underground mining equipment and super large-sized loading equipment to Komatsu’s manufacturing range. Joy Global, a Wisconsin-based company with 12,000 workers in 20 countries, will become a subsidiary of Tokyo-based Komatsu and retain the Joy Global brand.
Read the full article in CIM Magazine (Sept/Oct 2016)