Gilbert + Tobin advises Western Australian mining-technology innovatory Schlam Payload on its sale to Italian-headquartered USCO ITR.
Founded in Perth in 2016, Schlam Payload has rapidly become a world leader in the design and manufacture of mining truck bodies and loading attachments. The buyer, USCO ITR, is a global supplier of undercarriage, ground-engaging tools and other critical spare-parts solutions for the earth-moving sector.
The G+T team was led by Corporate Advisory partner David Josselsohn, with assistance from lawyers Ashleigh Kern and Harvey Hope. The transaction also drew on the firm’s specialist expertise, including partner Andrew Hii and lawyer Stacey Vaz on transitional services and partner Anna Smyth and lawyer Ben Duff on intellectual property.
Commenting on the deal, David Josselsohn said:
Schlam Payload is an outstanding Australian growth story whose technology is transforming haul-truck productivity and sustainability for miners worldwide. We are pleased to have supported founder Ryan Schlam, CEO David Haslett and the Schlam Payload management team on this strategic transaction, and we look forward to watching the business scale even further under USCO ITR’s ownership.
This transaction highlights G+T’s market-leading expertise in executing complex, cross-border M&A and reinforces the firm’s deep understanding of the mining sector.