Polish manufacturer and mining equipment supplier Famur is set to acquire Kopex, creating a merger of two of the nation’s major resource machinery suppliers.
The companies are known particularly for their longwall mining solutions. The takeover was approved by Poland’s anti-monopoly watchdog UOKiK, despite concerns.
The initial agreement to purchase Kopex was announced in March 2016, with watchdog approval gained in June.
Famur CEO Miroslaw Bendzera said, “In the current market situation, the consolidation is the right direction for development of both companies, and the intended operation means the opportunity of a significant increase in the scale of activity, quality and efficiency of operations on domestic and foreign markets.”
He added that it was the “most important moment” in the histories of both Kopex and Farmur, and can lead to several benefits in the future.
“This is the opportunity for stabilisation and the excellent base for the development of both companies, and thus of the entire Silesia [region]. The merged companies would constitute one of the largest industrial companies in Poland.”