WORLD PROSPECTS
SMT Scharf acquires RDH Mining
MT Scharf AG has indirectly acquired an
interest in 100% of the shares in RDH Mining
Equipment, based in Alban, Canada,
through its wholly-owned subsidiary SMT Scharf
Corporation, also based in Alban, Canada. With
this acquisition, SMT Scharf AG is further
pursuing
its
corporate
strategy
and
strengthening its market position as an
integrated system provider in the underground
logistics area. The purchase price amounts to
around C$8 million (corresponding to
approximately €5.17 million).
A small proportion of the purchase price will be
rendered in treasury shares of SMT Scharf AG, with
the rest being paid in cash. For the cash
component, SMT Scharf AG had at its disposal
funds from the capital increase that SMT Scharf AG
successfully realised in November 2017. The CEO
of SMT Scharf AG, Hans Joachim Theiss, explains
the background to the takeover: “With its portfolio
of diesel and electric vehicles for non-coal and salt
mining as well as tunnel construction sites, RDH
possesses outstanding product expertise in this
niche. The takeover forms an ideal augmentation
of SMT Scharf’s portfolio to include rubber-tyre
vehicles and gives us an even broader positioning
in the market. By aggregating the international
sales and after-sales expertise of SMT Scharf with
the acquired product program, we can achieve far-
reaching synergies in the international hard-rock
S
and tunnel markets, and further boost ca