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  6. Komatsu Acquires American Battery Solutions

M&A Deal Summary

Komatsu Acquires American Battery Solutions

On November 20, 2023, Komatsu acquired electrical equipment company American Battery Solutions

Acquisition Highlights
  • This is Komatsu’s 1st transaction in the Electrical Equipment sector.
  • This is Komatsu’s 3rd transaction in the United States.
  • This is Komatsu’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-11-20
Target American Battery Solutions
Sector Electrical Equipment
Buyer(s) Komatsu
Deal Type Add-on Acquisition

Target

American Battery Solutions

Orion, Michigan, United States
American Battery Solutions is a battery manufacturer that develops and manufactures a wide variety of heavy-duty and industrial battery packs, using lithium-ion batteries for commercial vehicles, transit buses, and on- and off-road vehicles. The company provides both standard and custom battery systems optimized to each customer’s needs. ABS’ technology, combined with the advanced product development knowledge and expertise of its people, enables the company to develop and manufacture battery packs designed to deliver superior performance and product life, and to enhance safety. American Battery Solutions was formed in 2018 and is based in Orion, Michigan.

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Buyer(S) 1

Buyer

Komatsu

Tokyo, Japan
Category Company
Founded 1884
Sector Machinery
Employees66,697
Revenue 4.10T JPY (2025)
DESCRIPTION
Komatsu's corporate headquarters in Tokyo, Japan.
Komatsu's corporate headquarters in Tokyo, Japan.

Komatsu is a manufacturer of construction, mining, and military equipment, as well as industrial equipment including press machines, lasers and thermoelectric generators. Komatsu was founded in 1884 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 6
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 GHH

Gelsenkirchen, Germany

GHH offers a wide range of equipment focused on loaders (LHDs) and articulated dump trucks in the mid-seam mass mining, narrow vein, and low-profile market segments The company also supports customers with aftermarket parts and service support throughout the entire life of each machine. GHH is based in Gelsenkirchen, Germany.

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