Joy Global Acquires LeTourneau Technologies Inc.

Joy Global has made a deal to acquire mining equipment manufacturer LeTourneau Technologies Inc. from Rowan Cos.

May 17, 2011

Komatsu Mining Corp. (formerly Joy Global Inc.)

In an effort to expand its market in the mining equipment industry, Joy Global has entered into a deal to acquire LeTourneau Technologies Inc. from Rowan Cos. LeTourneau specializes in minina and drilling products, giving Joy Global the ability to join the oil-and-gas mining market.

Both companies have seen growth in profits over the last year and hope to continue that trend with this new venture.

To read the full article, visit http://www.foxbusiness.com/markets/2011/05/16/joy-global-acquire-mining-operations-rowan-11-billion/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+foxbusiness%2Flatest+(Internal+-+Latest+News+-+Text).

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