GE Mining said it has completed the acquisition of the assets of Fairchild International, a manufacturer of underground mining vehicles located in Glen Lyn, VA. The new legal business name for the acquisition is GE-Fairchild.

GE-Fairchild will employ approximately 140 persons and manufacture a wide range of underground mining equipment, including diesel and battery-powered scoops, continuous miners, haulage systems, shield haulers and maintenance vehicles.

“Becoming part of the GE Mining team is a very proud moment in our nearly half-century history,” said Myrleen Fairchild, president of Fairchild International. “We look forward to contributing to GE Mining’s global growth through the continued development of Fairchild equipment.”

With this acquisition of the assets of Fairchild International, GE Mining will expand its product offering to underground mining and grow the customer base beyond its core U.S. market to serve mining customers worldwide.

“We highly value the industry knowledge and expertise in designing, building and servicing underground mining equipment that Fairchild brings to GE Mining,” said Lorenzo Simonelli, president and CEO of GE Transportation. “With GE’s global reach, technology leadership in clean propulsion and energy storage systems, and world-class system integration capabilities, we will bring the next generation of top performing underground mining equipment to customers worldwide.”

The acquisition is part of a development program announced in May to expand GE Mining’s product offering to address approximately 35% of the underground mining value chain through the acquisitions of Industrea and Fairchild International. The Industrea acquisition is still in process.