In a Feb. 7 news release, SMT Scharf AG said it had purchased 100 per cent of the shares of RDH Mining through its wholly owned subsidiary, SMT Scharf Corp.
SMT Scharf Corp. and RDH Mining are both based in Alban, located about an hour southeast of Sudbury.
SMT Scharf AG said the acquisition would allow it strengthen its position in the market as an “integrated systems provider in the underground logistics provider.”
"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 at SMT Scharf AG, in a news release.
“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 after-sales 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."
RDH Mining has specialized in high-quality underground equipment for mining and tunnel construction for more than 30 years, producing jumbo drills, load-haul-dump machines, scissor lifts, and low-loaders. About 50 staff members work at the Alban manufacturing facility.
The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction. The company has subsidiaries in seven countries and focusing growth in foreign markets such as China, Russia, Poland and South Africa.