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Komatsu America Corp., a wholly owned U.S. subsidiary of Komatsu, a developer and supplier of services and equipment for the construction, mining, forklift and forestry industries, announced plans to acquire battery manufacturer American Battery Solutions (ABS) on Nov. 20.
ABS will operate as its own stand-alone business within Komatsu and will continue its current and prospective customer commercial vehicle programs.
ABS develops and manufactures heavy duty and industrial battery packs using lithium-ion batteries for commercial vehicles, transit buses and on- and off-road vehicles. Komatsu plans to develop battery-operated vehicles using ABS technology, as well as other projects contributing to the electrification of its products.
The acquisition brings Komatsu closer to electrifying construction and mining equipment and to a 50% reduction of its products’ CO2 emissions by 2030 compared to 2010 levels.
The acquisition will close on Dec. 1 provided that all necessary procedures are completed, the company said.
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