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
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
Sponsored Content
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
September 1, 2025
24787 N7 Medium
Custom Charging Infrastructure: Engineering a Safer, More Efficient Solution for Electric Mining Trucks
September 4, 2025
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
Sponsored Content
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
September 1, 2025
Dpc Southeast Logo
DEUTZ Power Center Southeast Acquires JLG Service Center, Expands Operations
August 26, 2025
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
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
Sponsored Content
Give Your Equipment—and Your Brand—an Edge with TyrFil™ Flatproofing
More in Market Analysis
Webinars
5 Ways to Make the Most of Your Editorial Relationships
Connect with the editors of OEM Off-Highway to learn how to make the most of your editorial relationship.
Speakers: Kathy Wells, Editor-in-Chief, Equipment Today and OEM Off-Highway; Marina Mayer, Content Director, IRONMARKETS
Viewvie Adobe Stock 981975121
Power Systems
Custom Charging Infrastructure: Engineering a Safer, More Efficient Solution for Electric Mining Trucks
ACS Inc.
As electrification advances, one OEM addressed the challenge of adapting a jib crane for heavy-duty EV charging cables by partnering with a systems integrator to re-engineer the process for improved ergonomics, safety and infrastructure.
24787 N7 Medium
Home
PHINIA Acquires SEM to Expand Alternative Fuel Technology Portfolio
PHINIA Inc.
PHINIA Inc. has completed its acquisition of Swedish Electromagnet Invest AB (SEM) to enhance its capabilities in ignition systems for alternative fuels used in on- and off-highway applications.
Screenshot 2025 08 26 112435
Engines
DEUTZ Power Center Southeast Acquires JLG Service Center, Expands Operations
DEUTZ Corporation
The strategic move will allow DEUTZ to expand its service capabilities in the region and continue as a JLG Authorized Service Provider.
Dpc Southeast Logo
Mining
Drew Heidenreich
Smart Systems
Hydraquip Partners With Vanguard to Expand Electrification Offerings
Briggs & Stratton (Vanguard)
The partnership will see Hydraquip integrate Vanguard's lithium-ion battery packs into its electro-hydraulic and electric systems for off-highway OEMs.
Screenshot 2025 08 26 104407
Electronics
Engineering Rugged Intelligence Into Autonomous Vehicle Platforms
Crystal Group
Learn how and why safety-critical autonomous systems in commercial and industrial vehicles are increasingly built on ruggedized, military-grade computing hardware.
Crystal Group rugged compute systems integrated into an airborne platform, supporting mission-critical data processing and real-time decision-making at the edge.
Home
BorgWarner to Supply Turbochargers for Global OEM's Next-Generation Vehicles
BorgWarner Inc.
The company has secured contracts for compact and light commercial vehicles in Europe and a high-performance hybrid application in North America.
Borg Warner Turbocharger Business
Agriculture
AGCO to Open Expanded Visalia Parts Distribution Center
AGCO Corporation
Scheduled to begin operations in late 2026, the company's new 115,000-square-foot facility will replace its existing center and feature advanced warehouse automation.
Agco Expanded Warehouse In Visalia Ca
Mining
Komatsu, Pronto Launch Autonomy Solution for Quarry Trucks
Komatsu America Corp.
The new Komatsu Smart Quarry Autonomous, powered by Pronto, will be available for quarry-sized haul trucks in the North American market.
Partnership Announcement V04 A
Fluid System
Bailey International Names Scott Andrews VP of Sales
Bailey International
Andrews will work closely with Stan Schultz, the company's current vice president of sales, and transition into this role over the next few months as Schultz prepares for retirement.
Scott Andrews
Construction
Volvo CE Set to Acquire Swecon and Boost Operations
Volvo Construction Equipment
The move adds to Volvo CE's operations in key markets, including Germany, which is Europe’s largest construction equipment market, Sweden, Volvo CE´s home market, as well as Estonia, Latvia and Lithuania.
Swecon Acquisition 01 2324x1200
Page 1 of 1286
Next Page