Gelsenkirchen\/ Munich \u2014 Komatsu announ\u00adced today that it has ente\u00adred into an agree\u00adment to acquire GHH Group GmbH (GHH), a manu\u00adfac\u00adtu\u00adrer of machi\u00adnes for under\u00adground mining, tunnel\u00ading and foun\u00adda\u00adtion engi\u00adnee\u00adring head\u00adquar\u00adte\u00adred in Gelsen\u00adkir\u00adchen, Germany. The GHH Group deve\u00adlops and produ\u00adces vehic\u00adles for under\u00adground and tunnel cons\u00adtruc\u00adtion. Komatsu, head\u00adquar\u00adte\u00adred in Tokyo, opera\u00adtes as a leading manu\u00adfac\u00adtu\u00adrer of cons\u00adtruc\u00adtion, mining, forestry and indus\u00adtrial equip\u00adment in more than 140 count\u00adries. Komatsu was advi\u00adsed by Henge\u00adler M\u00fcller in this transaction.<\/p>\n
GHH was foun\u00added in the 1960s and is now part of the German Schmidt Kranz Group. The company offers a wide range of machi\u00adnes focu\u00adsing on loaders and arti\u00adcu\u00adla\u00adted dump trucks in the medium-seam mining, narrow-gauge and civil engi\u00adnee\u00adring market segments. With this acqui\u00adsi\u00adtion, Komatsu will acquire GHH\u2019s facto\u00adries and conver\u00adsion capa\u00adbi\u00adli\u00adties in key markets in addi\u00adtion to its robust product offe\u00adring and talen\u00adted workforce.<\/p>\n
We are very exci\u00adted about this acqui\u00adsi\u00adtion as it repres\u00adents a great oppor\u00adtu\u00adnity for Komatsu to expand its under\u00adground mining equip\u00adment offe\u00adring and acce\u00adle\u00adrate new product deve\u00adlo\u00adp\u00adment through syner\u00adgies with Komat\u00adsu\u2019s exis\u00adting team and product offe\u00adring,\u201d said Peter Salditt, presi\u00addent and CEO of Komatsu Mining Corp. \u201cWith the addi\u00adtion of GHH\u2019s facto\u00adries and rebuild opera\u00adti\u00adons in key markets in Europe, South Africa, India and Chile. We also want to use it to streng\u00adthen produc\u00adtion and service capa\u00adci\u00adties for our customers.\u201d<\/p>\n
Komatsu intends to conti\u00adnue GHH\u2019s excel\u00adlent service and plans to operate as usual after the acqui\u00adsi\u00adtion. The combi\u00adned team will then work toge\u00adther to expand Komat\u00adsu\u2019s under\u00adground mining equip\u00adment offe\u00adring and help custo\u00admers access products in new areas.<\/p>\n
\u201cGHH is plea\u00adsed to embark on a new jour\u00adney with a strong player in the mining world. This opens up tremen\u00addous oppor\u00adtu\u00adni\u00adties for our people and our products to evolve and grow beyond what we had hoped for,\u201d said Dr. Jan Petzold, CEO of GHH Group<\/strong>. \u201cThis is the next logi\u00adcal step in beco\u00adming a true global player, and we look forward to beco\u00adming part of the Komatsu family.\u201d<\/p>\n In fact, GHH may be conside\u00adred a rock in the indus\u00adtry, with roots dating back to 1758. At its peak as a mecha\u00adni\u00adcal engi\u00adnee\u00adring conglo\u00adme\u00adrate, it had almost 100,000 employees. Indus\u00adtrial giants like MAN, Roland and MTU were once among them. In 1995, GHH Fahr\u00adzeuge GmbH split off as a specia\u00adlist for under\u00adground equip\u00adment. Within 25 years, the manu\u00adfac\u00adtu\u00adrer advan\u00adced to become a real player in the world market.<\/p>\n GHH supplies almost ever\u00ady\u00adthing that is on wheels in deep mining and espe\u00adci\u00adally in raw mate\u00adrial mining. GHH exports its loaders, dump trucks, concrete mixers, and shove\u00adlers around the globe. This includes dril\u00adling rigs, anchor hand\u00adling equip\u00adment and tunnell\u00ading machi\u00adnes from Mine Master as well as flat travel\u00adling loaders from GHH Mining Machi\u00adnes. A dense part\u00adner network under\u00adpins the company\u2019s claim to be a \u201ctotal solu\u00adtion provi\u00adder\u201d offe\u00adring ever\u00ady\u00adthing from a single source. The offi\u00adcial closing of the acqui\u00adsi\u00adtion is sche\u00addu\u00adled for the first half of 2023.<\/p>\n Under the ongo\u00ading medium-term manage\u00adment plan \u201cDANTOTSU Value \u2014 Toge\u00adther, to \u2018The Next\u2019 for sustainable growth,\u201d Komatsu is working to expand its under\u00adground hard\u00adrock mining offe\u00adrings and create new value for custo\u00admers by deve\u00adlo\u00adping new equip\u00adment, proces\u00adses and tech\u00adno\u00adlo\u00adgies that will help opera\u00adti\u00adons reach the next level for the work\u00adplace of the future and create a more sustainable envi\u00adron\u00adment for the next generation.<\/p>\n About Komatsu<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" Gelsenkirchen\/ Munich \u2014 Komatsu announ\u00adced today that it has ente\u00adred into an agree\u00adment to acquire GHH Group GmbH (GHH), a manu\u00adfac\u00adtu\u00adrer of machi\u00adnes for under\u00adground mining, tunnel\u00ading and foun\u00adda\u00adtion engi\u00adnee\u00adring head\u00adquar\u00adte\u00adred in Gelsen\u00adkir\u00adchen, Germany. The GHH Group deve\u00adlops and produ\u00adces vehic\u00adles for under\u00adground and tunnel cons\u00adtruc\u00adtion. Komatsu, head\u00adquar\u00adte\u00adred in Tokyo, opera\u00adtes as a leading manufacturer [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1371],"tags":[],"class_list":["post-47393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-deals-en"],"yoast_head":"\n
\nKomatsu deve\u00adlops and supplies tech\u00adno\u00adlo\u00adgies, equip\u00adment and services for the cons\u00adtruc\u00adtion, mining, fork\u00adlift, indus\u00adtrial and forestry markets. For a century, the company has crea\u00adted value for its custo\u00admers through manu\u00adfac\u00adtu\u00adring and tech\u00adno\u00adlogy inno\u00adva\u00adtion, and colla\u00adbo\u00adra\u00adted with others to enable a sustainable future where people, busi\u00adnesses and the planet thrive together.<\/p>\n