# JIM Technology acquires stake in Terratec

JIM Technology (JIMT), an entity created by IHI, Mitsubishi Heavy Industries and JFE Engineering, has purchased shares in Terratec, formalizing their eight-year cooperation and giving Terratec access to more engineering and production facilities.

- Type: Acquisition
- Announced: 2018-10-15
- Where: Australia
- Status: announced
- Products: tunnel boring machines (TBMs), hard rock TBMs, raise boring machines, conveyor systems
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [IHI](https://endata.com/companies/6049.md) (investor)
- [JIM Technology](https://endata.com/companies/19149.md) (acquirer)
- [Terratec](https://endata.com/companies/19150.md) (target)

## Sources

- [terratec.co](https://terratec.co/terratec-and-jim-technology-formalise-relationship/), 2018-10-15: "TERRATEC has a very efficient team working all over the world. They have achieved to become number 1 TBM supplier in important growing markets like India and Thailand."
- [ihi.co.jp](https://www.ihi.co.jp/en/all_news/2018/infrastructure_offshore/1191902_2049.html), 2018-10-15: "JIMT will continue to take concrete steps and actions with Terratec toward expanding their businesses so that it becomes a leading TBM manufacturer in the global market."
- [tunnelsandtunnelling.com](https://www.tunnelsandtunnelling.com/news/jim-technology-formalises-terratec-relationship-with-shares-purchase-6801569/), 2018-10-15: "We want Terratec to keep operating and expanding the business as they do, but now with JIMT’s full and direct support from the Engineering and Production side."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.