{"id":6358,"date":"2023-11-27T13:03:33","date_gmt":"2023-11-27T13:03:33","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=6358"},"modified":"2023-11-27T13:08:54","modified_gmt":"2023-11-27T13:08:54","slug":"komatsu-to-acquire-american-battery-solutions","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2023\/11\/27\/komatsu-to-acquire-american-battery-solutions\/","title":{"rendered":"Komatsu to acquire American Battery Solutions"},"content":{"rendered":"\n

Komatsu, through its wholly owned subsidiary in the United States, Komatsu America Corp., has agreed to acquire American Battery Solutions Inc. (ABS), a battery manufacturer headquartered in Detroit.\u00a0<\/p>\n\n\n\n

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\u2019s consolidated business results is estimated to be minimal.<\/p>\n\n\n\n

ABS develops and manufactures a wide variety of heavy-duty and industrial battery packs, using lithium-ion batteries for commercial vehicles, transit buses and on- and off-road vehicles. The company provides both standard and custom battery systems optimized to each customer\u2019s needs. ABS\u2019 technology, combined with the advanced product development knowledge and expertise of its people, enables the company to develop and manufacture battery packs designed to deliver superior performance and product life, and to enhance safety.<\/p>\n\n\n

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Hiroyuki Ogawa, President and CEO, Komatsu Ltd. (left) and Subhash Dhar, Founder, Chairman and CEO, ABS (right).<\/em>\u00a0Photo: Komatsu<\/em><\/figcaption><\/figure>\n\n\n

The acquisition of ABS will enable Komatsu to develop and produce its own battery-operated construction and mining equipment, through the integration of ABS\u2019 battery technology with Komatsu\u2019s knowledge and network. The first equipment produced with ABS\u2019 batteries will be used to power mining equipment in North and South America, where demand for electrification has been increasing. <\/p>\n\n\n\n

In the future, Komatsu will aim to expand the use of batteries in construction equipment and to establish a global supply system. Komatsu will continue to support ABS\u2019 battery business to further develop the electrification business post-acquisition.<\/p>\n\n\n\n

ABS will operate as a stand-alone business entity within Komatsu and will continue its growth plans by executing on its current and prospective customer programs in the commercial vehicle segments. The mining and construction opportunities provided through Komatsu will enable ABS to position itself as one of the world\u2019s leading providers of battery systems in both on-highway and off-highway markets.<\/p>\n\n\n\n

Through the acquisition, Komatsu will accelerate the development of battery-powered electric vehicles by utilizing ABS\u2019 battery-related technology, along with other initiatives Komatsu is pursuing with its partners, to further contribute to the electrification of construction and mining equipment and the realization of a decarbonized society. <\/p>\n\n\n\n

These efforts will help Komatsu achieve its management target of 50% reduction of CO2 emissions from the use of its products by 2030 (compared to 2010 levels) as well as the company\u2019s challenge target of achieving its carbon neutrality by 2050.<\/p>\n\n\n\n

As part of its growth strategy for the mid-term management plan \u201cDANTOTSU Value \u2013 Together, to \u2018The Next\u2019 for sustainable growth,\u201d Komatsu is working to develop and launch electric equipment to help achieve carbon neutrality, creating new value for customers with the development of new equipment, processes and technologies that will help operations step forward to the next stage for the workplace of the future and provide a more sustainable environment for the next generation.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Komatsu, through its wholly owned subsidiary in the United States, Komatsu America Corp., has agreed to acquire American Battery Solutions Inc. (ABS), a battery manufacturer headquartered in Detroit.\u00a0 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\u2019s consolidated business results…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[1489,1764,126,2530,459],"coauthors":[1644],"class_list":["post-6358","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-co2-emissions","tag-construction-equipment","tag-komatsu","tag-komatsu-america-corp","tag-mining-equipment"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t