MinterEllison was Australian legal adviser of Hitachi Construction Machinery Co Ltd which has acquired an Australian heavy equipment parts manufacturer.
Hitachi has acquired H-E Parts International LLC and H-E Parts Australian Holdings LLC in a deal worth US$240 million (about $327.55 million) which closed on 21 December, MinterEllison said.
H-E Parts makes bespoke components for heavy machinery used in the mining, quarrying, heavy construction and materials processing industries. It develops, manufactures, sells and repairs aftermarket parts for, among others, mining and construction machines in Australia, USA and other markets, the law firm noted.
The MinterEllison team was led by partner Geraldine Johns-Putra (Corporate M&A) supported by partners Alberto Colla (Corporate M&A) and Geoff Carter (Competition). Lawyers involved in the transaction include Roberta Foster (Corporate M&A), Brad Woods (Corporate M&A) and Miranda Noble (Competition).
“This is the second significant transaction MinterEllison has advised Hitachi on in 2016, in addition to its ongoing recommended takeover bid for Bradken Limited. We congratulate Hitachi on this strategically important transaction," said lead partner Johns-Putra.
In October, MinterEllison confirmed it acted for Hitachi on its 100% takeover of ASX-listed Bradken Limited in a deal with an enterprise value of $976.1 million.
Headquartered in Japan, Hitachi one of the largest makers of construction and mining equipment which it markets globally. It has over 20,000 staff globally and is listed on the Nikkei 225.
Hitachi manufactures hydraulic excavators from the smallest mini to the largest 780 tonne class, as well as rigid frame mining dump trucks and a wide range of wheel loaders. Manufacturing facilities are located in Japan, Brazil, Canada, China, Holland, Indonesia, Russia and the USA.
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