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.
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location:Sydney Masonic Centre, Sydney, Australia
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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).
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.
Mainetec has been acquired by fellow Australian mining equipment specialist Austin Engineering
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