Komatsu has entered an agreement to acquire the road construction equipment division of Astec, a move that would bring the Roadtec and Carlson brands of road paving and maintenance equipment into its portfolio.
The proposed acquisition would add pavers, milling machines, material transfer vehicles and stabilizers to Komatsu's equipment lineup. Komatsu said the deal would position it as a stronger provider of road construction solutions.
Komatsu described the proposed transaction as part of a strategy to invest in businesses that complement its core operations and help it address a broader range of industry needs. The company said the transaction is expected to close Jan. 1, 2027, subject to customary closing conditions.
Executive view
Rod Bull, CEO of Komatsu North America, said road construction is important for building and maintaining infrastructure that supports communities and economies in North America and globally. He said the proposed acquisition would strengthen Komatsu's ability to serve that market by combining its capabilities with two established brands known for products, experienced people and long-standing customer relationships.
Takuya Imayoshi, president and CEO of Komatsu Ltd., said the company has long recognized the strategic importance of road construction equipment and has considered ways to expand in the market for many years. He said North America is one of Komatsu's key markets and that the acquisition reflects continued investment in the region and efforts to strengthen its construction equipment business.
Imayoshi added that combining Roadtec's and Carlson's specialized expertise and technologies with Komatsu's manufacturing, engineering and global capabilities is intended to create greater value for customers and a foundation for long-term growth in North America and other markets over time.