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After officially acquiring Joy Global, Komatsu will now provide a full range of mining equipment.
After officially acquiring Joy Global, Komatsu will now provide a full range of mining equipment.

Komatsu acquires Joy Global, expands mining business

Following a 2016 agreement to purchase Joy Global for USD$3.7 billion (AUD$4.9 billion), Komatsu has completed its acquisition of the multinational extractive equipment company.

As previously reported by Quarry, the Japanese manufacturer announced it would be buying Joy Global in August 2016 and subsequently running it as a separate subsidiary.

A Komatsu company statement issued on 5 April stated that Joy Global will retain its US headquarters but will be renamed Komatsu Mining Corp.

Komatsu’s former Latin America president Jeffrey Dawes will lead Komatsu Mining Corp, with the acquisition bringing the company’s total employees to approximately 57,000.

According to Komatsu president and CEO Tetsuji Ohashi, the agreement is expected to increase the range of mining and quarrying equipment available to customers of both companies.

“The combination of our Komatsu-brand surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products will allow us to offer a complete range of mining solutions for our customers,” Ohashi said.

Despite being engaged with the mining industry since its inception in 1921, Komatsu’s current mining portfolio comprises earthmoving vehicles, such as loaders, haul trucks and excavators, but not specific mining equipment for drill and blast, tunnelling, underground crushing and conveying systems, longwall systems or room and pillar/entry development.

A previous press release stated Joy Global’s surface mining equipment – including its rope shovels, super large wheel loaders and draglines – would ‘pair well’ with Komatsu’s large electric dump trucks.

Established in 1921, Komatsu is a provider of construction and mining equipment products and services. Based in Tokyo, Japan, Komatsu has 144 global subsidiaries and 52 branches located throughout Australia.

More reading
Komatsu expands into extractives after multi-billion dollar deal

Saturday, 21 April, 2018 08:24am
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