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Hitachi buys Aus manufacturer

Hitachi buys Aus manufacturer

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

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.”

 

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