Tenova, a worldwide supplier of advanced technologies and equipment for the iron and steel and mining industries, will acquire Bateman Engineering, a leading equipment supplier and engineering house for the mining industry. The transaction is subject to the approval of the antitrust authorities.
Bateman Engineering (which includes Delkor group) will join Tenova TAKRAF and Tenova Pyromet, to form a “group of excellence in mining sector,” according to Tenova, with more than $1.1 billion revenues and more than 2,400 people operating in 16 countries on five continents.
Headquartered in Milan, Italy, Tenova is part of the Techint Group. Bateman Engineering, with revenues of about $500 million, is a global engineering firm serving the mineral and metals industries. The company has its main operational office in Johannesburg, South Africa. Bateman employees are 1,400 spread in the five continents.