Earthmoving equipment supplier Emeco is considering a merger offer from its rival, Orionstone.
Emeco says there is no certainty the unsolicited, non-binding proposal will progress as Orionstone does not have funding in place for a merger.
The company said its board had also reviewed acquisition opportunities as part of Emeco's new strategy.
"Emeco remains actively engaged in considering a number of potential opportunities, including Orionstone," it said on Wednesday.
Emeco shares were one cent higher at 12 cents at 1059 AEST.
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