# North American Construction Group buys Aecon mining assets for CA$199M

North American Construction Group reached an all-cash agreement to purchase the heavy equipment and related assets of Aecon Group's mining business for CA$199 million (US$154 million). The deal includes earth-moving equipment, light construction assets, support equipment and maintenance facilities.

- Type: Acquisition
- Announced: 2018-10-04
- Where: Canada
- Value: $154.0M (199.0M CAD)
- Status: announced
- Products: heavy equipment for mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Aecon Group](https://endata.com/companies/3614.md) (target)
- [North American Construction Group](https://endata.com/companies/34438.md) (acquirer)

## Sources

- [constructiondive.com](https://www.constructiondive.com/news/north-american-construction-group-buys-aecon-mining-assets-for-ca199m/538825/), 2018-10-04: "North American Construction Group announced this week that it is has reached a CA$199 (U.S. $154 million) all-cash agreement with Aecon Group to purchase the heavy equipment and related assets of Aecon's mining business."

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