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The acquisition will enable Komatsu to develop and produce its own battery-operated construction and mining equipment, through the integration of ABS’ battery technology with Komatsu’s knowledge and network.
Komatsu has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S.
In the race to develop more electric construction equipment and related charging solutions, Komatsu has agreed to acquire American Battery Solutions.
CHICAGO, November 20, 2023--Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the condition that all necessary procedures for the closing are completed. The immediate impact on Komatsu’s consolidated business results is estimated to be minimal.
/PRNewswire/ -- American Battery Solutions (ABS) announced today that it has signed a multi-year contract with leading bus manufacturer NFI Group Inc. to...