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Acquisition of H-E Parts International LLC and H-E Parts Australian Holdings by Hitachi Construction Machinery Co Ltd | US$240 million

1 mins 20 secs  11.01.2017
Japanese heavy machinery manufacturer Hitachi Construction Machinery Co Ltd (Hitachi) has acquired H-E Parts International LLC and H-E Parts Australian Holdings LLC (collectively H-E Parts).
H-E Parts provides solution services to the mining, quarrying, heavy construction, and materials processing. It develops, manufactures, sells and repairs aftermarket parts for, among others, mining and construction machines in Australia, USA and other markets.

This acquisition completed on 21 December 2016.

MinterEllison acted as Australian legal adviser to Hitachi on the transaction, with a team led by partner Geraldine Johns-Putra (Corporate M&A) supported by partners Alberto Colla (Corporate M&A) and Geoff Carter (Competition). Lawyers involved in the transaction include Roberta Foster (Corporate M&A), Brad Woods (Corporate M&A) and Miranda Noble (Competition).

"MinterEllison is delighted to advise Hitachi on the Australian aspects of this acquisition. This is the second significant transaction MinterEllison has advised Hitachi on in 2016, in addition to its ongoing recommended takeover bid for Bradken Limited. We congratulate Hitachi on this strategically important transaction," said Geraldine Johns-Putra.

Hitachi is a leading manufacturer of construction and mining equipment, headquartered in Japan, with over 20,000 staff globally. Hitachi markets its products worldwide through a global network of company owned independent retailers. It is listed on the Nikkei 225.

Hitachi manufactures hydraulic excavators from the smallest mini to the largest 780 tonne class, as well as rigid frame mining dump trucks and a wide range of wheel loaders. Manufacturing facilities are located in Japan, Brazil, Canada, China, Holland, Indonesia, Russia and the USA.

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