Komatsu North America has entered into an settlement to amass property of SRC of Lexington, Inc., a provider of remanufactured parts and components for building and mining tools based mostly in Lexington, Kentucky, USA.
The deal is scheduled to shut by the tip of February 2026, topic to customary closing circumstances.
The acquisition will strengthen Komatsu’s remanufacturing capabilities in North America and increase its capability to help clients as demand for remanufacturing options continues to develop, the corporate mentioned. With this funding right into a devoted reman facility within the US, Komatsu will additional strengthen its presence in North America, one of many world’s largest building and mining tools markets.
Demand for remanufactured parts has elevated alongside the expansion of the put in base of quarry and mining tools in North America since 2010. Throughout that interval, Komatsu’s reman enterprise has expanded considerably, with transaction quantity rising roughly fourfold from the 2010 monetary 12 months to the 2024 monetary 12 months.
“North America is one in all Komatsu’s most necessary markets for each building and mining tools,” Danny Murtagh, Vice President, Elements and Infrastructure, Komatsu North America, mentioned. “This acquisition permits us to deepen our reman capabilities nearer to clients, enhance responsiveness, and help sellers and finish customers with high-quality, cost-effective options all through the tools lifecycle.”
Tim Stack, President, SRC Holdings Corp, added: “This settlement displays a shared dedication to remanufacturing excellence, technical experience and long-term help for patrons. Simply as necessary, it displays our accountability to do what is correct for our individuals. Changing into a part of Komatsu permits the Lexington crew to construct on over three a long time of remanufacturing power, whereas offering the funding, long-term help and alternative wanted to hold that legacy ahead into its subsequent chapter.”
By its reman operations, Komatsu recovers used parts from building and mining tools, restores them to like-new situation at devoted services and returns them to the market with the identical high quality requirements as new parts. Remanufacturing will help cut back value and lead time whereas supporting useful resource effectivity by means of reuse.
Komatsu established its world two-pillar reman construction with the launch of a facility in Chile in 2005 to help electrical dump vans manufactured within the US, adopted by a facility in Indonesia in 2007 serving tools manufactured in Japan. As of 2025, Komatsu’s reman community has grown to 45 areas throughout 16 nations.
