Komatsu to acquire American Battery Solutions

Hiroyuki Ogawa, President and CEO, Komatsu Ltd. (left) and Subhash Dhar, Founder, Chairman and CEO, ABS (right). Photo: Komatsu

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. 

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. Full story.

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