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Two firms have advised on the sale of an Australian mining, quarrying, heavy construction and materials manufacturer to Japan-headquartered Hitachi.
Firms: MinterEllison (Hitachi Construction Machinery Co Ltd); HWL Ebsworth (H-E Parts International LLC and H-E Parts Australian Holdings LLC)
Value: $284.2 million
Area: M&A
Key players: The legal team advising Hitachi was led by MinterEllison corporate M&A partner Geraldine Johns-Putra, with assistance from corporate M&A partner Alberto Colla and competition partner Geoff Carter.
The MinterEllison lawyers involved in the transaction included corporate M&A lawyers Roberta Foster and Brad Woods, as well as competition lawyer Miranda Noble.
Deal significance: Headquartered in Japan, Hitachi is a leading manufacturer of construction and mining equipment.
The company has over 20,000 staff globally and markets its products worldwide through a network of company-owned independent retailers.
H-E Parts provides solution services to the mining, quarrying, heavy construction and materials sectors. It develops, manufactures, sells and repairs after-market parts for mining and construction machines, primarily in Australia and the USA.
“MinterEllison is delighted to advise Hitachi on the Australian aspects of this acquisition,” MinterEllison corporate M&A partner Geraldine Johns-Putra said.
“This is the second significant transaction MinterEllison has advised Hitachi on [in the past 12 months], in addition to its ongoing recommended takeover bid for Bradken Limited.
“We congratulate Hitachi on this strategically important transaction.”
