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Tag: Joy Global
Construction Equipment
Komatsu Mining expands Milwaukee presence with South Harbor Campus
Komatsu Mining says it will remain in the Milwaukee area, & will build a $285 million, 2.5-million-square-foot South Harbor Campus, located in the city's Harbor District.
September 28, 2018
Dealers
Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition
The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]
August 11, 2017
Dealers
Business Roundup: Joy Global becomes Komatsu Mining; Construction spend up; Yanmar America org change; Cat shutters plants; Manitou buys Terex’s India compact business
Construction spending up 0.8% in February U.S. construction spending rose 0.8 percent in February on gains in the residential market. Total spending rose to a seasonally adjusted annual rate of $1.2 trillion, a 3-percent improvement over the year-ago figure, according to preliminary data from the Commerce Department. Private homebuilding rose 1.8 percent during the month to […]
April 11, 2017
Mergers & Acquisitions
Acquisition complete, Joy Global is now Komatsu Mining Corp.
Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016. Though […]
April 5, 2017
Dealers
Komatsu acquires mining equipment maker Joy Global for $3 billion
Largely unscathed by the sharp declines in demand for mining equipment that have been bleeding money from competitor Caterpillar over the last few years, Komatsu has decided now is the time to become a more meaningful player in the industry, announcing it will acquire Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Joy Global, founded in […]
July 22, 2016
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