# Barloworld updates USD 216.8m acquisition of Wagner Asia Equipment

Barloworld announced an addendum renegotiating the terms of its planned acquisition of Wagner Asia Equipment and 49% of SGMS, with the purchase consideration restructured and closing expected September 1, 2020.

- Type: Acquisition
- Announced: 2020-07-17
- Value: $216.8M
- Status: announced
- Products: construction and mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Barloworld](https://endata.com/companies/6766.md) (acquirer)
- [Wagner Asia Group](https://endata.com/companies/6767.md) (partner)
- [SGMS](https://endata.com/companies/6768.md) (target)

## Sources

- [moneyweb.co.za](https://www.moneyweb.co.za/mny_sens/barloworld-limited-update-on-the-acquisition-of-wagner-asia-equipment-llc/), 2020-07-17: "Barloworld believes that the Wagner Asia Equipment business has strong long-term fundamentals"

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