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Article: KOMATSU AND MANNESMAN DEMAG SIGN UP FOR A JOINT VENTURE
- Article from:
- PR Newswire
- Article date:
- November 8, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LINCOLNSHIRE, Ill., Nov. 8 /PRNewswire/ -- Komatsu Ltd. and Mannesmann Demag AG signed an agreement on November 7, 1995, to establish a joint venture for the development, manufacture and marketing of large and super-large hydraulic excavators for mining and quarrying applications. The new company, Demag-Komatsu GmbH, to be created as of January 1, 1996, will be formed with the German partner spinning-off its hydraulic excavator division and Komatsu taking an equity position in the new entity. The transaction is subject to consent of the relevant anti-trust authority.
For Komatsu, the strategic alliance with Mannesmann Demag represents part of its strategy to ...
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