Emeco to raise equity for new M&A

After making a stunning operational turnaround, Emeco Holdings (ASX: EHL) is building on its strength in the mining equipment rental market with the A$80 million (US$60.5 million) domestic acquisition of Matilda Equipment Holdings.

Staff reporter

Matilda has been described as a niche equipment business

Matilda, which has offices in Toowoomba, Mackay and Perth, has a fleet of 83 pieces of mining equipment with an average age of 9,300 hours, compared to Emeco's average of 25,000 hours.