Komatsu Acquires American Battery Solutions
November 26, 2023
Komatsu, through its U.S. subsidiary Komatsu America Corp., agreed to acquire Detroit-based battery manufacturer American Battery Solutions (ABS), with the deal expected to close Dec. 1, 2023. Komatsu will integrate ABS' lithium‑ion battery technology to accelerate development of battery-powered construction and mining equipment while allowing ABS to operate as a stand‑alone business within Komatsu.
- Buyers
- Komatsu, Komatsu America Corp.
- Targets
- American Battery Solutions
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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