Komatsu Acquisition of American Battery Solutions

ongoing

Komatsu Ltd., through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc., a battery manufacturer headquartered in Detroit, Michigan, U.S. 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 acquisition of ABS 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.