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Komatsu completes acquisition of American Battery Solutions

3 min read / December 2, 2023

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

December 2, 2023 — Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has completed its acquisition of Detroit-based battery manufacturer, American Battery Solutions Inc. (ABS). By integrating ABS’ battery technology with Komatsu’s knowledge and network, the company will be able to develop and produce its own battery-operated construction and mining equipment.

Since the acquisition closed Dec. 1, 2023, Komatsu is now moving forward with its plans to leverage ABS batteries to power Komatsu mining equipment in North and South America, where demand for electrification has been increasing. In the future, Komatsu aims to expand the use of batteries in construction equipment and establish a global supply system.

ABS now operates as a stand-alone business entity within Komatsu, focused on maintaining its growth plans through current and prospective customer programs in the commercial vehicle segments. The mining and construction opportunities available through Komatsu will enable ABS to position itself as one of the world’s leading providers of battery systems in both on-highway and off-highway markets. Komatsu will continue to support ABS’ battery business to further develop the electrification business.

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. By providing both standard and custom battery systems optimized to each customer’s needs, ABS’ technology — combined with the advanced product development knowledge and expertise of its people — enables the company to develop and manufacture battery packs designed to deliver superior performance and product life, and to enhance safety.

As part of its growth strategy for the mid-term management plan "DANTOTSU Value - Together, to 'The Next' for sustainable growth," Komatsu is working to develop and launch electric equipment to help achieve carbon neutrality and create new value for customers.

About Komatsu
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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Jill Rick, Manager, PR and CSR

Jill Rick

Manager, PR and CSR

(262) 337-0854