Joy Global Completes Sale of Drilling Business

Joy Global announces it has completed the transaction of selling its drilling products business.

Oct 26, 2011
Komatsu Mining Corp. (formerly Joy Global Inc.)

Joy Global Inc. (Joy Global), a worldwide leader in high-productivity mining solutions, announces that it has completed the transaction to sell the drilling products business of its LeTourneau Technologies Inc. (LeTourneau) business to Cameron International Corporation (Cameron) for $375 million in cash, subject to certain post-closing adjustments.

Bank of America Merrill Lynch served as exclusive financial advisor to Joy Global on this transaction. Covington & Burling LLP served as legal advisor.

 

Latest in Market Analysis
Filters No Upscale()
iVT Expo USA 2026 Set to Showcase Off-Highway Innovation
August 13, 2026
Csm Us Manufacturing 1 1ee7be10eb
Daimler Truck North America to Build New US Manufacturing Facility
August 13, 2026
Cummins Logo
Cummins Announces Phased Model Year 2027 Engine Launch Plan
August 12, 2026
INTERMAT 2027
Related Stories
Q1award21 Oct11030 Retouch2
Market Analysis
HUSCO Automotive Receives Ford Q1 Certification
010201110 10378802
Market Analysis
Increasing a shovel's digging power
Rendering10 12 11 10441043
Market Analysis
Phoenix International Breaks Ground on New Facility
HCEA scholarship recipient Eric Salter.
Market Analysis
HCEA Announces Scholarship Recipients
More in Market Analysis
Smart Systems
iVT Expo USA 2026 Set to Showcase Off-Highway Innovation
iVT Expo
The iVT Off-Highway Vehicle Technology Expo gathers professionals involved in the development, deployment and adoption of off-highway vehicle technologies. Here's what the 2026 show will highlight in terms of global expertise, cutting-edge innovations and technical insights.
Filters No Upscale()
On-Highway
Daimler Truck North America to Build New US Manufacturing Facility
Daimler Truck North America LLC
DTNA plans to construct a greenfield manufacturing plant to expand production capacity for vocational and on-highway vehicles in the United States.
Csm Us Manufacturing 1 1ee7be10eb
On-Highway
Cummins Announces Phased Model Year 2027 Engine Launch Plan
Cummins Inc.
Cummins Inc. will implement a measured production ramp for its new HELM engine platforms to align with proposed EPA emissions regulations and support OEM production schedules.
Cummins Logo
Construction
INTERMAT
INTERMAT, the international trade show for construction and infrastructure, is a meeting place for all construction industry professionals to contribute to the efficiency of building projects.
Logo Intermat
Construction
INTERMAT 2027
INTERMAT
Agriculture
AGCO Announces Executive Leadership Changes to Support PTx Growth Strategy
AGCO Corporation
AGCO Corp. has appointed Damon Audia as President of PTx & Corporate Strategy and Indira Agarwal as Chief Financial Officer to advance its precision agriculture and enterprise transformation initiatives.
Effective Aug. 1, 2026: Damon Audia (left) has been named president of PTx and corporate strategy, and Indira Agarwal (right) has been appointed senior vice president, chief financial officer.
Mining
HCME Appoints Dr. Hubertus Muenster to Lead Integrated Construction and Mining Segments
Hitachi Construction Machinery Co. Ltd.
Hitachi Construction Machinery (Europe) NV has consolidated its construction and mining machinery leadership under Dr. Hubertus Muenster to streamline dealer collaboration and customer solutions across Europe and Africa.
Hitachi Construction Machinery (Europe) NV (HCME) has promoted Dr. Hubertus Muenster to vice president with expanded responsibility for both construction and mining machinery across Europe and parts of Africa.
Control Units
HydraForce and Elevāt Enable Remote OTA Updates for BODAS Controllers
HydraForce Inc.
Bosch Rexroth's HydraForce and IoT platform provider Elevāt have expanded the capabilities of the Connected Control Unit to allow remote software updates and diagnostics for off-highway equipment.
Pr Elevat Partnership Alt 2 Final[60]
Hydraulic Pumps
Alkon Corporation Names Rahul Deshmukh CEO
Alkon Corporation
Deshmukh brings over 20 years of industrial leadership experience to Alkon Corporation as he succeeds Mark L. Winter as CEO.
8b4cd9d1 2c27 40a8 8be1 B1317385bd18
Equipment Market Outlook
Hitachi Construction Machinery and Yanmar Explore Compact Equipment Collaboration
Hitachi Construction Machinery Co. Ltd.
Hitachi Construction Machinery and Yanmar Holdings have signed a Letter of Intent to explore a partnership aimed at enhancing competitiveness in the global compact equipment market.
Screenshot 2026 07 28 160347
Engineering & Manufacturing
Caterpillar Opens Engineering Design Center for Virtual Equipment Development
Caterpillar Inc.
The new 17,000-square-foot facility in Rapid City utilizes virtual reality and digital prototypes to accelerate development across electrification, autonomy and machine platforms.
Img 7530
Engines
DEUTZ to Acquire Defense Vehicle Manufacturer FFG
DEUTZ Corporation
The acquisition marks a major diversification for the engine manufacturer, creating a new systems provider for military vehicles by combining its propulsion technology with FFG's vehicle platforms.
Safe Image 10933097
Page 1 of 1296
Next Page