RDH Mining Equipment has been acquired by SMT Scharf AG through its wholly-owned subsidiary SMT Scharf Corp. Both are in Alban, Ontario, Canada. With the acquisition, SMT Scharf said it is strengthening its market position as an integrated system provider in the underground logistics area. The purchase price was about $8.0 million (Canadian).
RDH has specialized in diesel underground equipment for mining and tunnel construction for more than 30 years. Its product range includes jumbo drills and load-haul-dump (LHD) machines. It has pioneered battery-driven non-coal underground mining equipment since 2011. With around 50 employees, RDH generated sales of $14.5 million (Canadian) in its fiscal year ending April 30, 2017.
“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,” said Hans Joachim Theiss, CEO, SMT Scharf AG, Hamm, Germany. “The takeover forms an ideal augmentation of SMT Scharf’s portfolio to include rubber-tire vehicles and gives us an even broader positioning in the market. By aggregating the international sales and aftersales expertise of SMT Scharf with the acquired product program, we can achieve far-reaching synergies in the international hard-rock and tunnel markets, and further boost capacity utilization across our group.”
SMT Scharf develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction, primarily rail systems. Its product line includes an overhead diesel-hydraulic monorail system used for hauling men and materials.