Tenova acquires Bateman Engineering

 Tenova has acquired Bateman Engineering as part its strategy to grow its mining division.

According to Tenova, its mining division now covers most the mining industry chain following this acquisition.

Gianluigi Nova, CEO of Tenova, stated: "with this acquisition Tenova further broadens its portgolio of products in a market expected to grow constantly in the long term.

"The Bateman acqusiion will also strengthen Tenova’s global network."

Tenova did not disclose the amount paid for Bateman, however it is understood that Bateman generates more than US$ 1.1 billion dollars in revenues annually.

The transaction is subject to the approval of anti-trust authorities.

 

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