Komatsu to purchase equity of service company for mining equipment in Mexico

Through a Komatsu Group company, Komatsu Ltd has entered the definitive agreement, based on the basic agreement with Mitsui & Co., Ltd (announced on 27 April 2015), for Komatsu to purchase 60% of equity of Road Machinery Co., S.A. de C.V, Mitsui's subsidiary in Mexico, which services Komatsu mining equipment. On a premise of approval of concerned authorities, Komatsu is working to complete the purchase for approximately February 2016.

After purchasing the 60% equity of Road Machinery, around April 2016, Komatsu intends to integrate Komatsu Maquinarias Mexico S.A. de C.V. (KMEX), a Komatsu's indirect wholly-owned subsidiary held through Komatsu Group companies and a distributor of Komatsu construction equipment, and Road Machinery to establish a new distributor of construction and mining equipment, with equity shares of 60% owned by Komatsu and 40% by Mitsui.

Read more…