Hitachi buys Aus manufacturer

Hitachi buys Aus manufacturer

12 January 2017 By Emma Ryan
Japan

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)

Deal: Hitachi Construction Machinery Co Ltd (Hitachi) has acquired H-E Parts International LLC and H-E Parts Australian Holdings LLC (collectively H-E Parts).

Value: $284.2 million

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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.

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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.”

 

Hitachi buys Aus manufacturer
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