German underground specialist HBT said it has entered into a deal with Questas Group to acquire Australian-based Waratah Engineering – developer of the WaraBolter, an underground MultiBolter designed to be ergonomically advanced.
Terms of the agreement were not disclosed.
“This acquisition marks a significant milestone as we continue to build and develop our distribution capabilities, whilst enhancing our product portfolio, further enabling us to diversify and expand into other markets,” HBT said in a LinkedIn post.
Questas purposely selected HBT to ensure that Waratah Engineering’s natural ownership and growth continued. HBT said that it shares this vision and is committed to maintaining the OEM’s strong market position while generating value and achieving results.
“The Waratah Engineering portfolio complements our existing product offerings and will further strengthen our global capability as a single solution provider,” said HBT.
Source: HBT LinkedIn