Jennmar and Dywidag Systems International (DSI) have signed an agreement under which DSI will acquire Jennmar businesses in Australia, Europe, Latin America and China (50% share).
Jennmar China, along with well-established jointly owned businesses in South Africa and Australia, will operate under the ROCBOLT Technologies brand.
Combining the strengths of Jennmar and DSI organizations will allow DSI to offer its customers the most comprehensive portfolio in ground support products and services. DSI will be in an excellent position to offer its customers an unmatched quality of service and build on its further strengthened global presence in the current subdued economic climate of the mining industry.
“Soft commodity prices and supply/demand imbalances represent important challenges to our customers in mining. Through this acquisition DSI will combine the strengths of two well established market players, which will allow it to provide its customers a superior offering, both from an efficiency and a product and service portfolio perspective,” CEO of DSI Patrik Nolaker said.
In a separate agreement, Jennmar has agreed to acquire DSI’s Mining business in the United States, which will be integrated into Jennmar’s existing US business. The combined business will be controlled 100 per centby FCI and operated under the Jennmar brand. DSI’s Tunneling business in the US will remain 100 per cent owned by DSI.
The Australian transaction is conditional on approval from the antitrust authority in Australia.
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