# Mitsui acquires 60% stake in Komatsu's Joy Global (Peru)

Mitsui acquired a 60% stake in Joy Global (Peru), a subsidiary of Komatsu, for an undisclosed amount. The deal closed on 2 November 2023, and the companies plan to merge Joy Global (Peru) with Komatsu Mitsui Maquinarias Perú (KMMP) to form a comprehensive mining machinery sales and service company in Peru.

- Type: Acquisition
- Announced: 2023-11-02
- Where: Peru, Peru
- Status: completed
- Products: mining machinery, copper mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Komatsu](https://endata.com/companies/15845.md) (partner)
- [Mitsui](https://endata.com/companies/28267.md) (acquirer)
- [Joy Global (Peru)](https://endata.com/companies/73786.md) (target)

## Sources

- [ppulegal.com](https://ppulegal.com/en/ppu-legal/mitsui-goes-for-gold-with-peruvian-mining-buy/), 2025-04-15: "Mitsui acquired a 60% share in the capital of Komatsu's subsidiary Joy Global (Peru)."

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