Sumitomo Construction Machinery (SCM), part of Sumitomo Heavy Industries has fully acquired LBX company. The deal announced today is retrospectively active from April 30. The value of the transaction was not disclosed.
LBX was originally set up as a 50:50 joint venture between SCM and Case that was part of its global excavator alliance. LBX holds the rights to manufacture SCM's excavators in the Americas, and markets these products under the Link-Belt excavator brand name.
Full article:
http://www.khl.com/magazines/international-construction/detail/item56047/Sumitomo-fully-acquires-LBX/
KHL: Sumitomo Fully Acquires LBX
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