Sale of Euro Machinery to Emeco (Australia)

Emeco Holdings Limited acquires Euro Machinery. Euro Machinery is an independent trading company specialised in buying and selling used earthmoving, road construction and mining equipment worldwide. Emeco Holdings Limited, listed on the Australian Stock Exchange (ASX), is active in selling, renting and maintaining earthmoving equipment. Emeco operates across four continents and had annual revenue of Euro 230 million in book year 2005/2006 and employs approximately 400 people worldwide. The acquisition of Euro Machinery provides Emeco immediate access to an established and successful European procurement and trading platform.

PhiDelphi acted in this transaction as advisor to Euro Machinery.

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