Komatsu entered into an agreement to acquire the road construction equipment division of Astec Industries.
The transaction will bring the Roadtec and Carlson brands of road paving and maintenance equipment into the Komatsu family. The acquisition would add Roadtec- and Carlson-branded pavers, milling machines, material transfer vehicles and stabilizers to Komatsu’s equipment offering.
Komatsu expects the deal to close Jan. 1.
“Road construction plays an important role in building and maintaining the infrastructure that supports communities and economies in North America and around the world,” says Rod Bull, CEO of Komatsu North America. “The proposed acquisition would strengthen our ability to serve this essential market by bringing together Komatsu’s capabilities with two established brands known for strong products, experienced people and longstanding customer relationships.”
The proposed acquisition reflects Komatsu’s strategy of making investments that complement its core business and help address a broader range of industry needs.
Takuya Imayoshi, president and CEO of Komatsu, says the company has long recognized the strategic importance of road construction equipment and considered opportunities to expand in the market for many years.
“North America is one of Komatsu’s key markets, and this acquisition reflects our continued commitment to investing in the region and strengthening our construction equipment business,” Imayoshi says. “By combining Roadtec’s and Carlson’s specialized expertise and technologies with Komatsu’s manufacturing, engineering and global capabilities, we aim to create greater value for customers and build a strong foundation for long-term growth, both in North America and in other markets over time.”
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