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SSAB acquires 51 pct in Australia-based G&G Mining Fabrication


Friday, 13 Jun 2014 01:00am EDT 

SSAB AB:To acquire 51 percent of the shares of G&G Mining Fabrication Pty Ltd in Perth, Western Australia.G&G Mining Fabrication specializes in the refurbishment, manufacture and design of large fabrications for heavy earth moving equipment, with focus on backhoe, loader and face shovel buckets and service modules for the West Australian mining industry.The investment is in line with SSAB's strategy to grow its presence in the aftermarket for wear parts and service and develop SSAB's customer offering.No financial details of the transaction. 

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