# Komatsu to acquire American Battery Solutions

Komatsu, through its U.S. subsidiary Komatsu America Corp., agreed to acquire American Battery Solutions, Inc., a battery manufacturer headquartered in Detroit, Michigan. The acquisition is expected to close on December 1, 2023, and will enable Komatsu to develop battery-operated construction and mining equipment.

- Type: Acquisition
- Announced: 2023-11-20
- Where: Detroit, Michigan, United States
- Jobs: 200
- Status: announced
- Products: heavy-duty and industrial battery packs, lithium-ion batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Komatsu](https://endata.com/companies/15845.md) (acquirer)
- [American Battery Solutions, Inc.](https://endata.com/companies/73886.md) (target)
- [iVolve Holdings](https://endata.com/companies/74110.md) (target)

## Sources

- [komatsu.jp](https://www.komatsu.jp/ja/newsroom/2023/20231120), 2023-11-20: "本買収により、同社が持つバッテリー技術とコマツの知見・ネットワークを融合することで、様々な環境や条件の下で使用される建設・鉱山機械各機種に合わせて、最適化されたバッテリーの開発・生産が可能になります。"
- [komatsu.com](https://www.komatsu.com/en-us/newsroom/2023/komatsu-announces-plans-to-acquire-american-battery-solutions), 2023-11-20: "The acquisition of ABS will enable Komatsu to develop and produce its own battery-operated construction and mining equipment."
- [miningmagazine.com](https://www.miningmagazine.com/future-of-mining/news-articles/1462217/komatsu-acquire-abs), 2023-11-20: "The deal will enable Komatsu to develop and produce its own battery-operated mining equipment."
- [dbusiness.com](https://www.dbusiness.com/daily-news/american-battery-solutions-in-lake-orion-to-be-acquired-by-komatsu/), 2023-11-20: "We are excited to join the Komatsu family with its global presence."
- [equipmentworld.com](https://www.equipmentworld.com/business/mergers-acquisitions/article/15658730/komatsu-to-acquire-american-battery-solutions), 2023-11-21: "Komatsu has agreed to acquire American Battery Solutions."
- [world-mining-equipment.com](https://world-mining-equipment.com/news/listings/all/autonomous-systems/6), 2023-12-04: "Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc."
- [miningconnection.com](https://miningconnection.com/longwall/news/P3420), 2023-12-19: "Komatsu Acquires Fleet Management Provider iVolve"

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