# Komatsu and UMW agree to form joint venture for construction and mining equipment sales

Komatsu Ltd. and UMW Corporation Sdn. Bhd. agreed to establish a joint-venture sales company for construction and mining equipment in Malaysia and other countries. Komatsu will acquire a 26% equity stake in the new company, which will become a subsidiary of UMW.

- Type: Acquisition
- Announced: 2018-07-02
- Where: Kuala Lumpur, Malaysia, Malaysia
- Status: announced
- Products: construction equipment, mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Komatsu](https://endata.com/companies/15845.md)
- [UMW Holdings](https://endata.com/companies/15844.md) (partner)
- [Komatsu](https://endata.com/companies/15845.md) (investor)

## Sources

- [komatsu.jp](https://www.komatsu.jp/en/newsroom/2018/20180702), 2018-07-02: "Komatsu and UMW have today agreed to establish a joint-venture sales company and signed the formal contract."
- [miningmagazine.com](https://www.miningmagazine.com/operations/news/1341632/komatsu-umw-sign-deal-malaysian-jv), 2018-07-02: "The new JV company will become a subsidiary of UMW, while Komatsu will acquire a 26% equity stake."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.