# Aramine merges into Groupe Melkonian to strengthen capitalisation

Aramine and Aramine Loaders were absorbed into Groupe Melkonian, increasing Aramine's capital from €900,000 to €20.41 million.

- Type: Acquisition
- Announced: 2020-01-01
- Where: Aix-en-Provence, France
- Status: completed
- Products: mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Aramine](https://endata.com/companies/44145.md) (target)
- [Groupe Melkonian](https://endata.com/companies/44369.md) (acquirer)

## Sources

- [im-mining.com](https://im-mining.com/2020/01/08/aramine-bolsters-market-capitalisation-merger/), 2020-01-08: "Aramine and Aramine Loaders have been absorbed into the company Groupe Melkonian as part of a merger that will strengthen the company's capitalisation."

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