Emeco in $72m deal to acquire Pit N Portal
Earthmoving equipment rental business Emeco plans to acquire hard-rock focused Pit N Portal for $72 million.
Emeco has entered a binding agreement to acquire the underground mining equipment and services business.
"Pit N Portal allows Emeco to leverage its current core capabilities and expand into a new market." Emeco managing director and chief executive officer Ian Testrow said.
"The underground mining sector is undoubtedly growing, and this represents an attractive adjacency for Emeco, providing Emeco with a solid platform for growth.
"Pit N Portal. . .
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