Komatsu Agrees to Acquire Quadco, Southstar Forestry Attachment Operations
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.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.