Komatsu acquires the globally active family-owned company GHH Group
Gelsenkirchen/ Munich — Komatsu announced today that it has entered into an agreement to acquire GHH Group GmbH (GHH), a manufacturer of machines for underground mining, tunneling and foundation engineering headquartered in Gelsenkirchen, Germany. The GHH Group develops and produces vehicles for underground and tunnel construction. Komatsu, headquartered in Tokyo, operates as a leading manufacturer of construction, mining, forestry and industrial equipment in more than 140 countries. Komatsu was advised by Hengeler Müller in this transaction.
GHH was founded in the 1960s and is now part of the German Schmidt Kranz Group. The company offers a wide range of machines focusing on loaders and articulated dump trucks in the medium-seam mining, narrow-gauge and civil engineering market segments. With this acquisition, Komatsu will acquire GHH’s factories and conversion capabilities in key markets in addition to its robust product offering and talented workforce.
We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its underground mining equipment offering and accelerate new product development through synergies with Komatsu’s existing team and product offering,” said Peter Salditt, president and CEO of Komatsu Mining Corp. “With the addition of GHH’s factories and rebuild operations in key markets in Europe, South Africa, India and Chile. We also want to use it to strengthen production and service capacities for our customers.”
Komatsu intends to continue GHH’s excellent service and plans to operate as usual after the acquisition. The combined team will then work together to expand Komatsu’s underground mining equipment offering and help customers access products in new areas.
“GHH is pleased to embark on a new journey with a strong player in the mining world. This opens up tremendous opportunities for our people and our products to evolve and grow beyond what we had hoped for,” said Dr. Jan Petzold, CEO of GHH Group. “This is the next logical step in becoming a true global player, and we look forward to becoming part of the Komatsu family.”
In fact, GHH may be considered a rock in the industry, with roots dating back to 1758. At its peak as a mechanical engineering conglomerate, it had almost 100,000 employees. Industrial giants like MAN, Roland and MTU were once among them. In 1995, GHH Fahrzeuge GmbH split off as a specialist for underground equipment. Within 25 years, the manufacturer advanced to become a real player in the world market.
GHH supplies almost everything that is on wheels in deep mining and especially in raw material mining. GHH exports its loaders, dump trucks, concrete mixers, and shovelers around the globe. This includes drilling rigs, anchor handling equipment and tunnelling machines from Mine Master as well as flat travelling loaders from GHH Mining Machines. A dense partner network underpins the company’s claim to be a “total solution provider” offering everything from a single source. The official closing of the acquisition is scheduled for the first half of 2023.
Under the ongoing medium-term management plan “DANTOTSU Value — Together, to ‘The Next’ for sustainable growth,” Komatsu is working to expand its underground hardrock mining offerings and create new value for customers by developing new equipment, processes and technologies that will help operations reach the next level for the workplace of the future and create a more sustainable environment for the next generation.
Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has created value for its customers through manufacturing and technology innovation, and collaborated with others to enable a sustainable future where people, businesses and the planet thrive together.