Bateman makes major acquisitions in mineral processing

As IM May is prepared for printing, with an article on developments in mineral processing, comes dramatic news from Bateman. The company has recently acquired the mining-process division of Intertech, with a strong market presence in the CIS. Even more significant, Bateman’s latest acquisition, announced as IM goes to press, is that of the Delkor ‘group’ of companies for a minimum cash consideration of $11.45 million. An initial payment of $5.3 million will be paid upon completion with further payments due on 30 September 2008 and 30 September 2009. The deferred payments are subject to adjustment based on the growth in the Delkor Group’s profit before tax end June 2009. Bateman Engineering expects the transaction to complete shortly in all the relevant jurisdictions save China where completion is subject to regulatory approval. (more…)

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