# Komatsu to acquire Joy Global for $3.7 billion

Komatsu Ltd has entered an agreement to purchase Joy Global Inc for a total deal value of $3.7 billion, including debt. The acquisition aims to expand Komatsu's presence in underground mining equipment.

- Type: Acquisition
- Announced: 2020-05-17
- Where: Milwaukee, Wisconsin, United States
- Value: $3.70B
- Status: announced
- Products: mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

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

## Sources

- [miningdigital.com](https://miningdigital.com/supply-chain-and-operations/one-sorrow-dollar29billion-joy-komatsu-buy-us-rival-joy-global), 2020-05-17: "The mining market is near the bottom now. Now is the good time (to do the acquisition)."

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