Tenova, a worldwide supplier of advanced technologies and equipment for the iron and steel and mining industries, has acquired Bateman Engineering N.V., a major equipment supplier and engineering house for the mining industry.
The Tenova Mining division now covers most of the mining industry value chain presenting 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 of Excellence in mining sector, with more than $1.1 billion revenues and more than 2,400 people operating in 16 countries on five continents.
“With this acquisition Tenova further broadens its portfolio of products in a market expected to grow constantly in the long term”, declared Gianluigi Nova, CEO of Tenova. “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 organization.”
Tenova is part of the Techint Group, a corporation composed of six main companies operating worldwide with an aggregate turnover of $22 billion and employing over 55,000 people. Tenova is a worldwide supplier of advanced technologies, products, and services for the iron and steel and mining industries. With about 3,100 people,Tenova operates through more than 30 companies located in 22 countries on five continents, and reports revenues of $1.5 billion before the acquisition of Bateman Engineering N.V.
Tenova is active in the mining and bulk material handling sector and offers innovative, integrated solutions for the design and supply of direct reduction plants, submerged arc furnaces, melt shops.