Komatsu continues underground push with MST deal

Deal continues Australia mine-tech buy-up

Komatsu is poised to add Australian underground mining communications specialist MST Global to its circa-US$9.5 billion-a-year mining equipment and technology business after reaching agreement with major MST shareholder Odyssey Private Equity and other investors on a sale.

The sale is due to close next month.

Komatsu previously bought Australian dragline and shovel monitoring technology firm MineWare in 2017 and then outlaid more than US$140 million on mine simulation training leader, another Australia-based company, Immersive Technologies, in 2019.

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