# Emeco Holdings to acquire Pit N Portal for A$72M

Emeco Holdings signed a binding agreement to acquire Pit N Portal Mining Services and Pit N Portal Equipment Hire for an enterprise value of A$72 million ($49 million), consisting of A$62 million in cash and A$10 million in shares.

- Type: Acquisition
- Announced: 2020-01-29
- Where: Perth and Kalgoorlie, Australia, Australia
- Value: $49.0M (72.0M AUD)
- Status: announced
- Products: underground mining equipment rental and services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Emeco](https://endata.com/companies/20808.md) (acquirer)
- [Pit N Portal](https://endata.com/companies/44837.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2020/01/29/emeco-go-underground-pit-n-portal-acquisition/), 2020-01-29: "Emeco Holdings looks to have found an entry into the underground contract mining and equipment rental space after having signed an agreement to acquire Pit N Portal in a deal that comes with an enterprise value of A$72 million ($49 million)."
- [industryqld.com.au](https://industryqld.com.au/emeco-in-72m-deal-to-acquire-pit-n-portal/), 2020-01-29: "Pit N Portal allows Emeco to leverage its current core capabilities and expand into a new 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.