# Northern Heavy Industries to acquire 0.1% stake in Terex Northern Mining Machinery

Inner Mongolia Northern Heavy Industries Co., Ltd. (Northern Shares) will acquire a 0.1% stake in Terex Northern Mining Machinery Co., Ltd. for CNY 168,100, gaining control of the joint venture. The remaining 49.9% will be sold to Beijing Baolizhixing Technology Co., Ltd.

- Type: Acquisition
- Announced: 2021-09-15
- Where: China
- Value: $26000.00 (168K CNY)
- Status: announced
- Products: mining machinery
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Bucyrus Mining China LLC](https://endata.com/companies/34376.md) (partner)
- [Terex Northern Mining Machinery Co., Ltd.](https://endata.com/companies/41749.md) (target)
- [Beijing Baolizhixing Technology](https://endata.com/companies/49408.md) (partner)
- [Inner Mongolia Northern Heavy Industries Co., Ltd.](https://endata.com/companies/57742.md) (acquirer)

## Sources

- [5etz.com](https://www.5etz.com/thread-147520-1-1.html), 2021-09-15: "为了取得北方采矿的控制权，北方股份拟收购其中 0.1%的股权，作价约为 15.78 万元。"

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