OHE MINING TECHNOLOGY

As part of their international expansion strategy, the Chinese Huahai Group acquires the mining specialist OHE Mining Technology GmbH from Hattingen, Germany via an asset deal.

The Chinese Beijing Huahai Machinery Corporation (Beijing, PR China) has acquired OHE Mining Technology GmbH’s entire business operations in Hattingen within the framework of an asset deal, effective April 30th, 2015. Under the terms of the agreement, the newly founded entity OHE Maschinenbau GmbH will retain all employees and continue operations at full-scale in Hattingen. Furthermore, all relevant assets and operative employees of OHE’s Chinese subsidiary lie also within the scope of the transaction.

Amidst deteriorating political and economic conditions in Russia and increasing competitive pressure from China, OHE has filed for insolvency proceedings with the District Court of Essen on June 13th, 2014. Attorney Thorsten Klepper of Klepper & Partners has been appointed insolvency administrator.