Joy Global's board of directors has unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu, will acquire the company. The transaction is valued at approximately US$3.7 billion, including Joy Global's outstanding indebtedness. Komatsu intends to operate Joy Global as a separate subsidiary of Komatsu and retain the strength of the Joy Global brand names. The companies will align the organisation and operation for optimal customer support from Joy Global's headquarters in Milwaukee in Wisconsin, US.
展开▼
