Gilbert + Tobin has advised Metso Outotec on the acquisition of the Australian-based company which designs and manufactures wear plate systems used across the mining industry.
The acquisition extends Metso Outotec’s wear lining portfolio and will enable Davies Wear Plate products to be rolled out to the global mining market. Davies Wear Plate Systems’ portfolio also includes wear monitoring technology, which provides a real-time forecast of wear and expected liner change-out timing. G+T used a range of innovative tools to manage the transaction smoothly, with parties across multiple jurisdictions.
G+T Corporate Advisory partner David Josselsohn led the team, with support from lawyers Julie Comninos, Annabel Kirkby and John Larbalestier. They were also supported by specialists throughout the firm including Real Estate partner Amanda Hempel and special counsel Jo Bayes, Competition + Regulation partner Charles Coorey and consultant Betty Mkatshwa, Intellectual Property lawyers Natalia Blecher and Sidney Kung and Employment special counsel James Pomeroy.
Commenting on the deal, partner David Josselsohn said, “We are delighted to have advised Metso Outotec on this strategically important transaction, which was done during a challenging time in the market generally and which represents an exciting growth opportunity for their Australian business.”
Gilbert + Tobin’s market-leading M&A/Corporate Advisory team regularly advises on many of Australia’s largest and most innovative transactions, including advising DuluxGroup on its $3.8 billion acquisition by Nippon Paint, BGH Capital on its $2.1 billion acquisition of Navitas, KKR on its $2 billion acquisition of MYOB and KKR’s proposed acquisition of a majority interest in Colonial First State.