{"id":2364,"date":"2017-05-22T09:26:09","date_gmt":"2017-05-21T23:26:09","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2364"},"modified":"2017-05-22T09:26:09","modified_gmt":"2017-05-21T23:26:09","slug":"earthmoving-equipment-giant-komatsu-has-completed-its-acquisition-of-renowned-extractive-equipment-company-joy-global","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2017\/05\/22\/earthmoving-equipment-giant-komatsu-has-completed-its-acquisition-of-renowned-extractive-equipment-company-joy-global\/","title":{"rendered":"Earthmoving equipment giant Komatsu has completed its acquisition of renowned extractive equipment company Joy Global."},"content":{"rendered":"

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\"After<\/p>\n
After officially acquiring Joy Global, Komatsu will now provide a full range of mining equipment.<\/span><\/div>\n<\/div>\n
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KOMATSU ACQUIRES JOY GLOBAL, EXPANDS MINING BUSINESS<\/span><\/h1>\n<\/div>\n
Posted May 15, 2017<\/span> | By Talia Paz \u2022 Staff Journalist<\/span><\/div>\n
<\/div>\n
Following a 2016 agreement to purchase Joy Global for USD$3.7 billion<\/span> (AUD$4.9 billion), Komatsu has completed its acquisition of the multinational extractive equipment company.<\/span><\/div>\n

As previously reported by Quarry,<\/em> the Japanese manufacturer announced it would be buying Joy Global in August 2016 and subsequently running it as a separate subsidiary.<\/p>\n

A Komatsu company statement issued on 5 April stated that Joy Global will retain its US headquarters but will be renamed Komatsu Mining Corp.<\/span><\/p>\n

Komatsu\u2019s former Latin America president Jeffrey Dawes will lead Komatsu Mining Corp<\/span>, with the acquisition bringing the company\u2019s total employees to approximately 57,000.<\/p>\n

According to Komatsu president and CEO Tetsuji Ohashi, the agreement is expected to increase the range of mining and quarrying equipment available to customers of both companies.<\/p>\n

\u201cThe combination of our Komatsu-brand surface mining equipment with the P&H, Joy and Montabert brands<\/span> of surface and underground products will allow us to offer a complete range of mining solutions for our customers,\u201d Ohashi said.<\/p>\n

Despite being engaged with the mining industry since its inception in 1921, Komatsu\u2019s current mining portfolio comprises earthmoving vehicles, such as loaders, haul trucks and excavators, but not specific mining equipment for drill and blast, tunnelling, underground crushing and conveying systems, longwall systems or room and pillar\/entry development.<\/span><\/p>\n

A previous press release stated Joy Global\u2019s surface mining equipment \u2013 including its rope shovels, super large wheel loaders and draglines \u2013 would \u2018pair well\u2019 with Komatsu\u2019s large electric dump trucks.<\/p>\n

Established in 1921, Komatsu is a provider of construction and mining equipment products and services. Based in Tokyo<\/span>, Japan, Komatsu has 144 global subsidiaries and 52 branches located throughout Australia.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After officially acquiring Joy Global, Komatsu will now provide a full range of mining equipment. KOMATSU ACQUIRES JOY GLOBAL, EXPANDS MINING BUSINESS Posted May 15, 2017 | By Talia Paz \u2022 Staff Journalist Following a 2016 agreement to purchase Joy Global for USD$3.7 billion (AUD$4.9 billion), Komatsu has completed its acquisition of the multinational extractive … Continue reading “Earthmoving equipment giant Komatsu has completed its acquisition of renowned extractive equipment company Joy Global.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-2364","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-C8","jetpack-related-posts":[{"id":2329,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/04\/10\/joy-global-to-be-renamed-komatsu-mining\/","url_meta":{"origin":2364,"position":0},"title":"Joy Global to be renamed Komatsu Mining","author":"yinghui","date":"April 10, 2017","format":false,"excerpt":"Japanese based industrial machinery provider Komatsu has completed its acquisition of Joy Global, expanding its global mining services business. Under the approximately $3.7 billion acquisition, Joy Global will be renamed Komatsu Mining Corp and will keep its headquarters in Milwaukee in the United States. The company will operate as a\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1674,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/21\/komatsu-and-joy-come-together-in-new-one-stop-shop-mining-oem\/","url_meta":{"origin":2364,"position":1},"title":"Komatsu and Joy come together in new one stop shop mining OEM","author":"yinghui","date":"July 21, 2016","format":false,"excerpt":"The biggest move in mining equipment supply consolidation since Cat bought Bucyrus was announced this week, as Joy Global Inc, the global supplier of high-productivity mining solutions, announced that its Board of Directors had unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu Ltd,\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2322,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/04\/06\/komatsu-acquires-queensland-based-mine-solutions-provider-mineware\/","url_meta":{"origin":2364,"position":2},"title":"Komatsu acquires Queensland based mine solutions provider MineWare","author":"yinghui","date":"April 6, 2017","format":false,"excerpt":"Komatsu\u2019s Australian subsidiary has acquired MineWare, a mining equipment solutions provider based in Queensland. MineWare provides systems for loading equipment such as draglines as well as rope and hydraulic shovels in mines, enhancing their payloads and visualising excavating positions. It also has an advanced technology portfolio to improve the loading\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1672,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/21\/komatsu-buys-joy-global\/","url_meta":{"origin":2364,"position":3},"title":"Komatsu buys Joy Global","author":"yinghui","date":"July 21, 2016","format":false,"excerpt":"Posted by Paul Moore On July 21, 2016 0 Comment Joy Global Inc, the global supplier of high-productivity mining solutions, has announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu Ltd, will acquire Joy Global in a\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"UG Load Haul","src":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/im-mining.com\/wp-content\/uploads\/2016\/07\/UG-Load-Haul-720x480.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":2144,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/02\/01\/smart-mining-market-set-to-boom\/","url_meta":{"origin":2364,"position":4},"title":"Smart mining market set to boom","author":"yinghui","date":"February 1, 2017","format":false,"excerpt":"The smart mining market is on track for substantial growth in the coming years, a new report by Transparency Market Research has found. According to the report, the global smart mining market was valued at $US5.98 billion in 2014 and is projected to reach $US22.59 billion by 2024. This equates\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1770,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/09\/02\/more-losses-for-joy-global-in-latest-quarterly-results\/","url_meta":{"origin":2364,"position":5},"title":"More losses for Joy Global in latest quarterly results","author":"yinghui","date":"September 2, 2016","format":false,"excerpt":"Joy Global has released their third quarter results for this year, signalling a plummet in sales compared to 2015. The company\u2019s net sales fell 26 per cent to $587 million from last year\u2019s $792 million, with their funds from operations down $90 million to $26 million. 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