1 min read / December 14, 2023
December 14, 2023 — Komatsu has acquired iVolve Holdings Pty Ltd., based in Australia, to increase its fleet management offerings for customers. iVolve is a technology company that provides fleet management solutions for small to mid-tier quarry, mining and construction operations.
The acquisition bolsters Komatsu’s existing suite of fleet management technology offerings, which include: Smart Construction for construction, Modular for mining and Smart Quarry for aggregate applications. Komatsu previously partnered with iVolve on the company’s Smart Quarry Site offering and is excited for the added potential of working together as part of its global business.
“iVolve have been great collaborators and this acquisition offers exciting potential to further our work together,” said Mike Gidaspow, VP, Products, Service & Solutions for Komatsu North America. “For quarry customers in particular, we believe iVolve’s offerings and experience will be a great addition to the Komatsu family of offerings.”
Komatsu plans to globally deploy iVolve's fleet management system to further contribute to improving safety and productivity at customers' workplaces. iVolve has so far achieved optimal operation management at customer sites in Australia and North America.
“We have enjoyed a long working relationship with Komatsu and believe this agreement aligns with our goals and vision, and importantly, the resources of Komatsu will help us achieve our growth goals,” said Kim Parascos, CEO and co-founder of iVolve. “As a Komatsu brand, we aim to widen our market presence, elevate our product line and preserve flexibility for our customers. Our existing customers will also benefit from this new alignment, as we leverage the expertise, commitment and reach of Komatsu to improve our offering.”
Upon completion of the acquisition, iVolve will continue to provide its services as an independent group company while furthering development of its products and solutions.
Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Front-line industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, maintain forests and create consumer products. The company's global service and distributor networks support customer operations to enhance safety and productivity while optimizing performance.
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