# SMT Scharf acquires RDH Mining Equipment for CAD 8 million

SMT Scharf AG, through its subsidiary SMT Scharf Corporation, acquired 100% of RDH Mining Equipment in Alban, Canada, for approximately CAD 8 million (EUR 5.17 million), partly in cash and partly in treasury shares.

- Type: Acquisition
- Announced: 2018-01-30
- Where: Alban, Canada, Canada
- Value: $6.30M (8.00M CAD)
- Status: completed
- Products: diesel and electric vehicles for mining and tunnel construction
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [SMT Scharf](https://endata.com/companies/18207.md) (acquirer)
- [RDH Mining Equipment](https://endata.com/companies/29692.md) (target)

## Sources

- [georesources.net](https://www.georesources.net/cms.php/en/archive/7682/smt-scharf-takes-over-canadian-mining-specialist-rdh-mining-equipment), 2018-01-30: "SMT Scharf AG has indirectly acquired an interest in 100 percent of the shares in RDH Mining Equipment"
- [northernontariobusiness.com](https://www.northernontariobusiness.com/regional-news/sudbury/sudbury-mining-equipment-business-acquired-by-german-company-835845), 2018-02-09: "The takeover forms an ideal augmentation of SMT Scharf's portfolio to include rubber-tire vehicles and gives us an even broader positioning in the market."
- [mining.com](https://www.mining.com/web/smt-scharf-takes-canadian-mining-specialist-rdh-mining-equipment/), 2018-02-10: "With its portfolio of diesel and electric vehicles for non-coal and salt mining as well as tunnel construction sites, RDH possesses outstanding product expertise in this niche."
- [miningmagazine.com](https://www.miningmagazine.com/fleets/news/1332212/smt-scharf-acquires-rdh-mining-equipment), 2018-02-15: "The takeover forms an ideal augmentation of SMT Scharf's portfolio to include rubber-tyre vehicles and gives us an even broader positioning in the market."

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