Could this be the start of consolidation in the mining equipment industry?

Those savvy investors who went long JOY GLOBAL INC (NYSE: JOY) at the end of last year when the stock closed at around $12.60 are now looking at a sweet gain of more than 100% after Japanese industrial equipment giant KOMATSU revealed it is buying JOY for $28.30 per share in an all cash deal:

http://www.bloomberg.com/news/articles/2016-07-21/komatsu-agrees-to-buy-u-s-based-joy-global-for-2-89-billion

I thought the below Bloomberg Gadfly article on the deal to be quite thought provoking as well:

http://www.bloomberg.com/gadfly/articles/2016-07-21/komatsu-buys-joy-global-outsmarting-caterpillar-again

What do you think of the proposed deal?