Bucyrus acquires DBT

摘要

Bucyrus International has signed an agreement to buy German manufacturer DBT for 731 million dollars in stock and cash. "We are very bullish on the long term fundamentals for coal and this combination will allow us to address 100 pct of the coal mined on a global basis," said Tim Sullivan, Bucyrus' chief executive. The Milwaukee, Wis.-based Bucyrus is a maker of surface mining equipment, while the DBT - a subsidiary of RAG Coal International - manufactures underground mining machines including longwall miners and roof support systems.