Komatsu's acquisition of Joy Global

Last Modified: Fri Oct 21 2016 11:56:09 GMT+0530 (India Standard Time)
  • $3.7 billion
    offer made by Japanese manufacturer of mining equipment Komatsu (TYO: 6301) to buy US-based competitor Joy Global (NYSE:JOY). The deal is set to boost its ability to compete with Western rivals, particularly Caterpillar (NYSE:CAT).
  • 21 Jul 2016
    date Komatsu made the offer to buy Joy Global in an all cash transaction.
  • 19 Oct 2016
    Joy Global shareholders overwhelmingly approved the proposed sale to Komatsu.
  • 2017
    expected closing of the deal - most likely by mid 2017.
  • 12,000
    people employed by Joy Global in 20 countries. It is based in Milwaukee, Wisconsin, USA.
  • 47,000
    people empoyed by Komatsu globally. It is based in Tokyo, Japan.