Emeco to raise equity for new M&A

By Staff reporter / April 30, 2018 / www.mining-journal.com / Article Link

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

Emeco to raise equity for new M&A

Matilda has been described as a niche equipment business

30 APRIL 201830/04/2018commentsshare

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.

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