{"id":11471,"date":"2017-06-12T13:34:39","date_gmt":"2017-06-12T13:34:39","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=11471"},"modified":"2017-06-12T13:34:39","modified_gmt":"2017-06-12T13:34:39","slug":"komatsu-renames-joy-global-to-komatsu-mining-corp-after-3-7-billion-acquisition","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/komatsu-renames-joy-global-to-komatsu-mining-corp-after-3-7-billion-acquisition\/","title":{"rendered":"Komatsu renames Joy Global to Komatsu Mining Corp. after $3.7 billion acquisition"},"content":{"rendered":"
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Komatsu America Corp. is in the early stage of integrating two companies after acquiring Joy Global Inc., and it is business as usual at this point, except a name change.<\/p>\n<\/div>\n

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Komatsu America, a subsidiary of Komatsu Ltd., has changed the name of Joy Global to Komatsu Mining Corp.<\/p>\n<\/div>\n

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\u201cThere are no immediate changes to how we do business. Bringing our companies together offers many exciting opportunities for growth,\u201d said Caley Clinton, global public relations manager for Komatsu Mining Corp.<\/p>\n<\/div>\n

\u00a0\u201cWe continue to honor all contracts and agreements with our customers and look forward to offering them an even stronger line of offerings as a result of this acquisition,\u201d she said.<\/div>\n
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The Joy Global facility in Elko is now part of Komatsu America. Komatsu Equipment Co. also has a branch in Elko.<\/p>\n<\/div>\n

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\u201cAs we study best practices worldwide during integration, we will be looking at optimal facility use and the best ways to leverage our teams, technologies and more,\u201d Clinton said. \u201cOur goal is to leverage the best practices of both companies to form a unique and unrivaled mining solutions and services provider, adding value to our customers around the world.\u201d<\/p>\n

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The Elko Daily Free Press<\/a> reports no layoffs are planned. Clinton said the employee count hasn\u2019t changed, and employees will continue supporting customers \u201cas we work to integrate our organization with the larger Komatsu corporation.\u201d<\/p>\n<\/div>\n

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Komatsu America announced in early April that the company\u2019s acquisition of Joy Global was completed, and the now-named Komatsu Mining Corp. would keep its headquarters in Milwaukee, Wis. The transaction was valued at roughly $3.7 billion.<\/div>\n
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\u201cAs we grow Komatsu\u2019s mining offerings, we will continue to promote and invest in the P&H, Joy and Montabert product brands, looking for opportunities to help customers improve productivity and safety in their operations worldwide,\u201d Clinton said in an email.<\/p>\n<\/div>\n

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Clinton said the acquisition adds more than 10,000 people to Komatsu with experience in the mining industry. That brings Komatsu Ltd.\u2019s total number of employees worldwide to more than 57,000.<\/p>\n<\/div>\n

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Komatsu provides shovels, dozers, loaders and haul trucks for mining and construction, parts and services, mining solutions, logistics, electronics, industrial machinery and vehicles and more.<\/p>\n<\/div>\n

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According to Komatsu\u2019s April announcement, Komatsu Mining will be led by Jeffrey Dawes, formerly the leader of Komatsu Latin America. Tetsuji Ohashi is president and chief executive officer of Komatsu Ltd., which is based in Tokyo.<\/p>\n<\/div>\n

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Joy Global shares were delisted from the New York Stock Exchange and are no longer traded.<\/p>\n

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  • By ADELLA HARDING Mining Quarterly Correspondent<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Komatsu America Corp. is in the early stage of integrating two companies after acquiring Joy Global Inc., and it is business as usual at this point, except a name change. Komatsu America, a subsidiary of Komatsu Ltd., has changed the name of Joy Global to Komatsu Mining Corp. \u201cThere are no immediate changes to how […]<\/p>\n","protected":false},"author":1,"featured_media":11472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8,9],"tags":[829],"yoast_head":"\nKomatsu renames Joy Global to Komatsu Mining Corp. after $3.7 billion acquisition - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/komatsu-renames-joy-global-to-komatsu-mining-corp-after-3-7-billion-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Komatsu renames Joy Global to Komatsu Mining Corp. after $3.7 billion acquisition - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Komatsu America Corp. is in the early stage of integrating two companies after acquiring Joy Global Inc., and it is business as usual at this point, except a name change. 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