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Komatsu Announces Plans to Acquire American Battery Solutions

Komatsu America Corp., a subsidiary of Komatsu, is acquiring American Battery Solutions, Inc. (ABS), a prominent battery manufacturer. The deal, scheduled to conclude on December 1, 2023, enables Komatsu to enter battery-operated construction and mining equipment production. ABS, known for lithium-ion heavy-duty battery packs for various vehicles, will operate independently within Komatsu, enhancing its growth in commercial vehicle sectors. The collaboration positions ABS as a global leader in battery systems. Aligned with Komatsu’s sustainability goals, this acquisition supports a 50% CO2 emissions reduction by 2030 and carbon neutrality by 2050, fostering a future of electric equipment and customer value.

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