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Bis Industries acquires Powertrans

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Mining logistics firm Bis Industries has acquired mining haulage manufacturer Powertrans.

It bought the firm for approximately $30 million, according to The West.

Bis stated that the acquisition will give it ownership of Powertrans dual-powered road train (DPRT) technology, which it has developed in a joint venture with the company.

Powertrans is known for developing innovative mining haulage equipment, and last year created a twin-engine,double- articulated mine truck.

The acquisition came after a fairly extensive due diligence process.

It will fully takeover Powertrans in January.

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