Tenova buys Bateman

Tenova, a worldwide supplier of advanced technologies and equipment for the iron and steel and mining industries, has announced the acquisition of Bateman Engineering. Bateman is a leading mining equipment supplier and engineering house. The transaction is subject to the approval of the antitrust authorities.

Tenova said that its Mining division now covers most of the mining industry value chain. The company can now present itself to customers as an all-round supplier with innovative technological products and full process and commodity
knowledge.

Bateman Engineering (which includes Delkor group) joins Tenova TAKRAF and Tenova Pyromet, to form a group with more than US$1.1 billion revenues, and more than 2,400 people operating in 16 countries on 5 continents.

Gianluigi Nova, CEO of Tenova commented: “With this acquisition Tenova further broadens its portfolio of products in a market expected to grow constantly in the long term. The Bateman acquisition will also strengthen Tenova’s global network of well rooted companies present in key markets and integrated in a flexible, customer-oriented organisation.”

Tenova is part of the Techint Group, a corporation comprising six main companies operating worldwide, with an aggregate turnover of US$22 billion and employing over 55,000 people.