M&As this week: Savage, Inner Mongolia Tianshou Technology & Development


US-based firm Savage has completed the acquisition of Gobco and Power Fuels. 

The target companies are also based in the US, and the financial terms of the acquisition have not been disclosed.

Gobco deals in the separation of waste coal piles from abandoned mines and in the restoration of impacted land, streams, and forests, whereas Savage provides supply chain solutions and industrial services.

"Gobco is engaged in the separation of waste coal piles from abandoned mines."

Inner Mongolia Tianshou Technology & Development announced its plans to acquire 75% stake in Jilin Tianchi Molybdenum Industry for CNY1.3bn ($188.72m).

The acquiring company is a manufacturer and distributor of textile products, testing instruments, caustic soda, and other products, while the target company produces molybdenum.

Both companies involved in the transaction are based in the China.