Global specialised Mining Equipment Manufacturer acquires leading Automation Systems Supplier
Sydney – CFI is pleased to announce that it served as the exclusive financial advisor to Pempek Systems in its acquisition by the HBT Group.
Pempek Systems is an Australian mining components supplier based in Castle Hill near Sydney. Pempek is a leading global supplier of equipment control, telemetry, hydraulic control, and roof bolting solutions for mining applications.
Since 1985 Pempek has been successfully developing innovative products for industrial electronic and hydraulic control, telemetry, analytic, and automation systems with particular expertise in underground mining and underground construction including explosive and hazardous area applications.
Pempek provides service and support though its international facilities and authorised distributors in Australia, China, USA and South Africa.
HBT (Hauhinco Mining Technology) is a world class machine manufacturer and fully integrated single solution provider – specializing in systems and equipment for underground coal mining. The company exports its high-performance longwall mining equipment to all major mining markets worldwide.
The Pempek product range is an ideal complement to the HBT Group’s longwall systems, room & pillar mining vehicles and roadheaders. The HBT longwall automation and control systems (hardware and software) and the electrical engineering of HBT Automation as well as the drives and motors of HBT group company Breuer Motoren will benefit from Pempek’s know-how.
This transaction closed on 1 March 2024.
This transaction was advised by:
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