Komatsu acquires underground mining equipment manufacturer GHH Group GmbH

Komatsu has entered into an agreement to acquire GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. Founded in the 1960s and currently part of the German-owned Schmidt Kranz Group, GHH offers a wide range of equipment focused on loaders (LHDs) and articulated dump trucks in the mid-seam mass mining, narrow vein, and low-profile market segments. The company also supports users with aftermarket parts and service support throughout the entire life of each machine. With this acquisition, Komatsu will add GHH's factories and rebuild facilities in key markets, in addition to its product offerings and staff. "We are very excited about this acquisition as it represents a great opportunity for Komatsu to expand its offerings for underground mining equipment and accelerate new product development through synergies with Komatsu's existing team and product offerings," says Peter Salditt, president and CEO of Komatsu Mining Corp. "By adding GHH's factories and rebuild facilities in key markets in Europe, South Africa, India, and Chile. We also aim to strengthen production and service capabilities for our customers." Komatsu intends to continue the excellent service GHH provides and plans to support business as usual post-acquisition. The combined team will then work together to expand Komatsu's offering for underground mining equipment and increase access to products in new territories. The official close of the acquisition is projected for the first half of 2023.