A QUEENSLAND-based mining services company has acquired a capital equipment business in a deal worth $10.1 million dollars.
Industrea acquired Boart Longyear’s Australian mining capital equipment business (MCE) for as it expands its core area of mining products and services.
The Boart Longyear MCE business will be coupled with Industrea’s existing PJ Berriman and Company (PJB) business to form a $50 million mining capital division, according to Industrea.
The Boart Longyear MCE business is based in Cardiff, New South Wales and builds mining capital equipment used underground for carrying large loads such as coal mining long wall equipment.
In the past 24 months Industrea has completed the acquisition of Qven, Advanced Mining Technologies, Wadam Industries Pty Ltd and PJ Berriman & Company.