By lyndamyer
The GHH Group (GHH), which is a German manufacturer of underground mining, tunneling and special equipment, is the intended company for Komatsu‘s purchase aim.
While the scheduled date for concluding the deal is first half of 2023, no financial details have been revealed.
As a part of the German-owned Schmidt Kranz Group, GHH is placed in Gelsenkirchen and was founded in the 1960s, whereas its products comprise of manufacturing load haul dumpers (LHD), underground dump trucks, face drills, bolters and utility trucks and vehicles.
The acquisition will add GHH’s factories and rebuild facilities in key markets, including a manufacturing plant in South Africa.
According to Peter Salditt, president and CEO, Komatsu Mining Corp: “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.”
He also added: “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. GHH would operate as usual following the 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.”
“The company was excited to work 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,” said CEO of GHH, Dr Jan Petzold.
