Austin Engineering acquires Mainetec for A$19.6 million
Austin Engineering has entered into a binding agreement to acquire Australia-based mining equipment manufacturer Mainetec Pty Ltd for an initial A$19.6 million ($13.4 million), with additional earn-out payments possible. The acquisition adds Mainetec's Hulk range of mining buckets to Austin's offering.
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“The acquisition will give Austin access to Mainetec’s Hulk range of high performance mining buckets, increasing the potential customer base in all of Austin’s markets, it said.”im-mining.com
- 4 sources
- im-mining.comAustin Engineering to add Hulk mining buckets to its offering with Mainetec acquisition - International MiningDaniel GleesonAug 23, 2022
- australianmanufacturing.com.auAustin acquires mining equipment manufacturer Mainetec - Australian ManufacturingJasminaAug 23, 2022
- miningconnection.comAustin Engineering to Acquire Mining Equipment Company Mainetec for $19.6 Million | Mining Connection — The Link For All Your Mining ResourcesSep 9, 2022
- miningconnection.comNews | Surface Mining | Mining Connection — The Link For All Your Mining ResourcesSep 23, 2022
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