Komatsu Ltd. has signed an agreement to acquire the Quadco and Southstar forestry attachment operations from Prenbec Equipment Inc., a company based in the province of Quebec, Canada. The acquisition does not include the forestry equipment businesses of Tanguay and Forespro de-limbers.
The acquisition will be made through a wholly owned subsidiary of Komatsu in the United States and is expected to close in February 2018, subject to customary closing conditions.
By adding the Quadco felling heads and Southstar large harvester heads to its existing lines of Log Max and Komatsu small- and medium-sized harvester heads, Komatsu is expanding its presence in the forestry attachment industry. The purchase will allow Komatu to offer its customers a full range of forestry attachments.
Quadco and Southstar will continue to operate as independent companies within the Komatsu group following the completion of the acquisition, and will maintain their existing sales networks. In order to offer improved value to customers, Komatsu Forest AB will form a forestry attachment division which will manage the Quadco, Southstar and Log Max brands.
Komatsu anticipates that this acquisition will have no material impact on its consolidated business results and performance for the current fiscal year ending March 31.
Komatsu anticipates rapid growth in the global market for forestry machines, especially in the North American market.