Komatsu to acquire GHH Group
By Adam Freill
Construction Equipment InfrastructurePlan to add German-based manufacturer expected to bolster Komatsu offerings in underground hard rock segment for tunnelling and mining.
(Photo courtesy of Komatsu)
Komatsu has entered into an agreement to acquire GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Germany.
GHH offers a wide range of equipment focused on loaders and articulated dump trucks in the mid-seam mass mining, narrow vein and low-profile market segments The company also supports customers with aftermarket parts and service support.
“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,” said Peter Salditt, president and CEO of Komatsu Mining Corp.
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 mining equipment and increase customer access to products in new territories.
“GHH is excited to be able to start a new journey 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,” said GHH Group CEO Dr. Jan Petzold. “This is the next logical step in becoming a true global player and we look forward to becoming part of the Komatsu family”.
The official close of the acquisition is projected for the first half of 2023.
