H-E Parts International Announces Sale to Hitachi Construction Machinery
ATLANTA, GA, USA – December 21, 2016 – H-E Parts International, LLC announced that it and its global divisions have been acquired by Hitachi Construction Machinery Co., Ltd. (6305:JP). H-E Parts International, a global leader in the manufacturing, servicing and marketing of parts and components for mining, crushing and heavy construction equipment, announces the completion of a stock purchase by Hitachi Construction Machinery Co. Ltd. Hitachi has acquired 100% share of H-E Parts International and its global subsidiaries located in Australia, Canada, China, Chile, Malaysia, Peru and the United States.
“The acquisition of H-E Parts International by Hitachi Construction Machinery is strategic for both companies and we are especially excited about the complementary nature of our products and geographies. The companies share similar strategies in their commitment to innovation, customer service and reliability”, said Steve McBrayer, CEO H-E Parts International. “We are excited to join in fulfilling Hitachi’s 2020 Vision and commitment to global reliability.”
Hitachi Construction Machinery Co. Ltd. is a leading manufacturer of mining, construction and aggregate equipment. The company offers world class hydraulic excavators, haul trucks, bulldozers, wheel loaders and cranes.
“With H-E Parts’ technical and innovation capabilities in addition to its global network, I strongly believe that there are many synergies with HCM products and aftermarket solutions,” said Yuichi Tsujimoto, President and Representative Executive Officer of Hitachi Construction Machinery, Co. Ltd.
About H-E Parts International, LLC
H-E Parts International has grown to become the largest independent global supplier of aftermarket parts, components and solutions for the mining, heavy construction and energy sectors. H-E Parts is the result of the strategic acquisition of a number of the world’s leading aftermarket parts and service companies, leveraging each other’s technologies and customers on a global basis.
About Hitachi Construction Machinery Co., Ltd.
Hitachi Construction Machinery is a pioneer that was the first to develop hydraulic excavators in Japan. Since developing the hydraulic excavator created from domestic technology in 1965, the Company has developed and manufactured various types of construction machinery including excavators, dump trucks, wheel loaders, and crawler cranes. The Company has established a prominent position as a global construction machinery manufacturer.