News - Heavy Equipment

December 1st, 2011
 

Komatsu CEO announces desire for new acquisition targets in Europe, U.S.

The world’s second largest construction equipment manufacturer, Komatsu Ltd., plans to find new acquisition targets in the United States and Europe and would like to strike a deal within three years said President and CEO, Kunio Noji.  Komatsu’s desire to grow is an effort to keep pace with their powerful U.S. rivals, Caterpillar Inc., and to stave off competition from other rivals such as China’s Sany Heavy Industry Co.

According to Noji, Komatsu is looking for partnership opportunities with parts and technology producers who could help upgrade electronic components and systems for their line of mining trucks and hybrid earthmoving machines. The company is also interested in possible ventures with makers of underground mining equipment in order to expand its product line

“There are lots of good companies,” Noji said. “Right now it’s difficult to persuade targeted companies to be part of our company, and we don’t do hostile takeovers, but I think one day in two or three years they’ll come to us,” he said.

Komatsu Ltd. is a Japanese heavy equipment maker that specializes in construction and mining equipment such as excavators, backhoe loaders and skid steer loaders.  Komatsu is recognized globally for other products including forest machines and forklift trucks.