SOUTH MILWAUKEE, Wis., Dec. 2, 2008 (GLOBE NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq:BUCY) announced that it has completed the acquisition of OKD, Bastro a.s. (Bastro). Bastro is an engineering services and manufacturing support company located in the Czech Republic. Its primary capabilities will support Bucyrus' long-term strategic initiatives in the region. The price of the acquisition was not disclosed.
Bastro was acquired from OKD, a.s., which is a wholly owned subsidiary of New World Resources N.V. ("NWR"), Central Europe's leading hard coal producer. Bastro will continue to supply mining equipment support and engineering services to OKD. Tim Sullivan, President & CEO of Bucyrus, stated, "This acquisition is in-line with our goal for adding support of strategic initiatives in key regional areas. We are pleased that we have been able to add Bastro in support of our underground equipment segment in Europe."
About Bucyrus International, Inc.
Bucyrus is a world leader in the design and manufacture of high productivity mining equipment for the surface and underground mining industries. Bucyrus' surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals. Bucyrus' underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. In addition to machine manufacturing, Bucyrus manufactures high quality OE parts and provides world-class support services for their machines. Bucyrus' corporate headquarters is located in South Milwaukee, Wisconsin, USA.
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