MINING

Austin to acquire Mainetec for AUS$19.6 million

Austin Engineering Ltd has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of AUS$19.6 million (US$13.5 million).

 Australian mining bucket manufacturer Mainetec has been acquired by Austin Engineering

Australian mining bucket manufacturer Mainetec has been acquired by Austin Engineering

The acquisition will give Austin access to Mainetec's Hulk range of high-performance mining buckets, increasing the potential customer base in all of Austin's markets. The Hulk buckets complement Austin's...

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