# Emeco Holdings launches $20M capital raising for three-way merger

Heavy equipment supplier Emeco Holdings has launched a fully underwritten $20 million capital raising to fund its three-way merger with Orionstone and Andy’s Earthmovers.

- Type: Acquisition
- Announced: 2017-03-21
- Where: Australia
- Value: $15.0M (20.0M AUD)
- Status: announced
- Products: heavy equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Emeco](https://endata.com/companies/20808.md)
- [Orionstone](https://endata.com/companies/20809.md) (target)
- [Andy's Earthmovers](https://endata.com/companies/20810.md) (target)

## Sources

- [businessnews.com.au](https://www.businessnews.com.au/article/Emeco-taps-market-for-20m-to-fund-merger), 2017-03-21: "Heavy equipment supplier Emeco Holdings has launched a fully underwritten $20 million capital raising to fund its three-way merger with east coast companies Orionstone and Andy’s Earthmovers."

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