Komatsu is entering into an agreement to acquire GHH Group (GHH), a German manufacturer of underground mining, tunnelling and special civil engineering equipment based in Gelsenkirchen.
Currently part of the German-owned Schmidt Kranz Group, GHH offers a wide range of equipment focused on underground loaders (LHDs) and articulated dump trucks for the tunnelling and extraction markets. With this acquisition, Komatsu will add GHH’s factories and rebuild facilities in key markets.
“We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its offerings for underground equipment and accelerate new product development through synergies with Komatsu’s existing team and product offerings,” said Peter Salditt, president and CEO, Komatsu Mining Corp. “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.”
Komatsu intends to continue the service GHH provides and plans to support business as usual post-acquisition. The combined team will then work together to expand Komatsu’s offering for underground equipment and increase customer access to products in new territories.
The official close of the acquisition is projected for the first half of 2023.
