GE mining sheds light on $700m Industrea purchase

摘要

GE mining is ebullient about its purchase of coal-focused mining technology producer Industrea, despite a downturn in mining since the deal was conceived. GE sees opportunities for sales growth through its far-reaching distribution channels and says Industrea's product range is shielded against market cycles. WHILE IT IS not unusual to see a local gobbled up by a multinational during a downturn, it is interesting to see the giant GE build its mining division on the back of such a (relatively) small manufacturer - GE's 2011 earnings were $147bn, Industrea's $357m. GE Mining chief executive, Geoff Knox explained the strategy to AJM: "We are not out to buy volume, we are out for smart transactions that allow us to leverage market technology."