Waratah Engineering has been acquired by HBT GmbH

Brisbane – CFI is pleased to announce that it acted as exclusive financial advisor to Waratah Engineering, a Questas Company, in its acquisition by HBT.

Waratah Engineering design, manufacture and overhaul underground mining equipment. Waratah Engineering specialises in coal mining equipment and provides a diverse range of services including conventional overhauls, modified rebuilds, OEM supply, service work, spares and small parts, and fleet hire for the mining industry. They were previously owned by Questas, a company owned by Allegro Funds, a private equity firm.

HBT GmbH, headquarted in Germany, is a world class machine manufacturer and fully integrated single solution provider, specialising in systems and equipment for underground coal mining. The company exports its high-performance longwall mining equipment to all major mining markets worldwide.

This transaction closed 1 September 2023.