# Emeco's Pit N Portal commits A$14M to acquire underground mining equipment

Emeco's Pit N Portal underground contract mining business reached an in-principle agreement to acquire a package of underground equipment for A$14 million, including rebuild costs, to meet customer demand.

- Type: Investment
- Announced: 2021-04-23
- Where: Australia
- Value: $10.8M (14.0M AUD)
- Status: announced
- Products: underground mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Emeco](https://endata.com/companies/20808.md)

## Sources

- [im-mining.com](https://im-mining.com/2021/04/23/despite-challenges-emecos-pit-n-portal-underground-mining-contractor-continues-growth-commits-a14-million-new-fleet-buys/), 2021-04-23: "We are delighted with this valuable deal and believe it demonstrates our ability to source in-demand assets at attractive prices."

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