Hitachi buys Aus manufacturer
Two firms have advised on the sale of an Australian mining, quarrying, heavy construction and materials manufacturer to Japan-headquartered Hitachi.
Firms: MinterEllison (Hitachi Construction Machinery Co Ltd); HWL Ebsworth (H-E Parts International LLC and H-E Parts Australian Holdings LLC)
Value: $284.2 million
Area: M&A
Key players: The legal team advising Hitachi was led by MinterEllison corporate M&A partner Geraldine Johns-Putra, with assistance from corporate M&A partner Alberto Colla and competition partner Geoff Carter.
The MinterEllison lawyers involved in the transaction included corporate M&A lawyers Roberta Foster and Brad Woods, as well as competition lawyer Miranda Noble.
Deal significance: Headquartered in Japan, Hitachi is a leading manufacturer of construction and mining equipment.
The company has over 20,000 staff globally and markets its products worldwide through a network of company-owned independent retailers.
H-E Parts provides solution services to the mining, quarrying, heavy construction and materials sectors. It develops, manufactures, sells and repairs after-market parts for mining and construction machines, primarily in Australia and the USA.
“MinterEllison is delighted to advise Hitachi on the Australian aspects of this acquisition,” MinterEllison corporate M&A partner Geraldine Johns-Putra said.
“This is the second significant transaction MinterEllison has advised Hitachi on [in the past 12 months], in addition to its ongoing recommended takeover bid for Bradken Limited.
“We congratulate Hitachi on this strategically important transaction.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on: