It was announced today that Japanese construction equipment manufacturer Komatsu Ltd. has agreed to acquire German company GHH Group for $2.3 billion.
GHH Group is a leading manufacturer of mining and construction equipment, with a particular focus on tunnelling equipment. The acquisition will give Komatsu a strong presence in the European market, as well as a significant foothold in the tunnelling equipment market.
Komatsu is paying a hefty price for GHH Group, but the move will likely pay off in the long run. With this acquisition, Komatsu is positioned to become a major player in the global construction equipment market.
Group Media Publication
Construction, Infrastructure and Mining
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