Acquisitions · Mining parts and services
Hitachi Construction Machinery buys mining parts supplier H-E Parts for $240 million
- Buyer
- Hitachi Construction Machinery (Tokyo)
- Target
- H-E Parts International, Atlanta, Georgia
- Value
- $240M enterprise value (about ¥27.6B)
- Status
- Completed on December 21, 2016.
- Date
- 2016-12-21
Hitachi Construction Machinery bought H-E Parts International and H-E Parts Australian Holdings, which supply parts and services for mining machines in the US and Australia. The enterprise value was $240 million. The companies are Delaware LLCs with their operating headquarters in Atlanta, Georgia.
Why it matters
The deal adds parts and service income for mining machines of all brands, a steadier business than selling new equipment.
Sources
Kakehashi M&A News home
