# Komatsu completes acquisition of Joy Global, renames to Komatsu Mining Corp.

Komatsu completed its $3.7 billion acquisition of Joy Global, renaming it Komatsu Mining Corp. Joy Global shares will be delisted, and the company's headquarters will remain in Milwaukee.

- Type: Acquisition
- Announced: 2017-04-01
- Where: Milwaukee, Wisconsin, United States
- Value: $3.70B
- Jobs: 10,000
- Status: completed
- Products: surface and underground mining equipment, rope shovels, draglines, drills, super-sized loaders
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Komatsu](https://endata.com/companies/15845.md)
- [Komatsu Mining Corp.](https://endata.com/companies/19092.md)
- [Komatsu](https://endata.com/companies/15845.md) (acquirer)
- [Joy Global](https://endata.com/companies/16551.md) (target)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/business/mergers-acquisitions/article/14967079/acquisition-complete-joy-global-is-now-komatsu-mining-corp), 2017-04-05: "Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global."
- [miningweekly.com](https://www.miningweekly.com/article/komatsu-acquires-joy-global-to-expand-mining-business-2017-04-06), 2017-04-06: "Komatsu America Corp., a subsidiary of Komatsu Ltd. ... has completed its acquisition of Joy Global Inc."
- [miningreview.com](https://www.miningreview.com/international/komatsu-rename-joy-global-komatsu-mining-following-acquisition/), 2017-04-07: "The combination of our surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products will allow us to offer a complete range of mining solutions for our customers."
- [oemoffhighway.com](https://www.oemoffhighway.com/market-analysis/industry-news/mining/article/20860761/komatsu-mining-corp-rebranding-and-merger), 2017-05-08: "This is an exciting moment in Komatsu history."
- [mining.com](https://www.mining.com/renamed-joy-global-officially-launched-komatsu-mining-corp/), 2017-05-09: "These kinds of mergers always produce some anxiety and concern going forward, but we didn't buy this company to close it up."
- [nikkei.com](https://www.nikkei.com/article/DGXLZO16163290Z00C17A5TI1000/), 2017-05-09: "コマツは8日、4月に買収した米鉱山機械大手と現地で式典を開き、共同事業を正式に始めた。"
- [coalage.com](https://www.coalage.com/departments/suppliers-news/wisconsin-welcomes-komatsu-mining/), 2017-06-05: "Executives said they were satisfied with the acquisition."
- [mesabitribune.com](https://www.mesabitribune.com/mine/joy-global-komatsu-join-forces/article_0818df4a-5bbc-11e7-9309-2b615636089a.html), 2017-06-28: "The $3.7 billion deal to acquire the 133 year-old Wisconsin based surface and underground mining equipment manufacturer was announced in July 2016 and finalized this past April."

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