Joy Global closes on Montabert acquisition

By |  June 9, 2015

Joy Global has closed on its purchase of Montabert from Doosan, for €110 million (or approximately $124 million), subject to a working capital adjustment. Montabert’s net sales for the 12 months ending March 31 were $100 million.

“This acquisition represents an important step in expanding product and service capabilities for hard rock mining, tunneling and rock excavation, further diversifying the company’s commodity and end market exposures,” says Ted Doheny, president and CEO of Joy Global. “The Montabert product line will complement our existing fleet of hard rock equipment and leverages our global service center infrastructure providing long-term value to our shareholders.”

Montabert specializes in the design, production and distribution of hydraulic rock breakers, pneumatic equipment, drilling attachments, drifters and related parts and tools.

This article is tagged with , , , , , and posted in News

About the Author:

Darren Constantino is an editor of Pit & Quarry magazine. He can be reached at dconstantino@northcoastmedia.net.

Comments are closed