Komatsu has reached an agreement to acquire the road construction equipment division of Astec, a move that would bring the Roadtec and Carlson brands into its portfolio.
The proposed transaction would add pavers, milling machines, material transfer vehicles and stabilizers to Komatsu's equipment range. Komatsu said the deal aligns with its strategy of investing in businesses that complement its core operations and address a wider set of industry needs.
Roadtec and Carlson are known for road paving and maintenance equipment. According to Komatsu, combining their specialized expertise and technologies with its manufacturing, engineering and global reach is intended to create greater customer value and support long-term growth in North America and other markets over time.
Rod Bull, CEO of Komatsu North America, said road construction is important for building and maintaining infrastructure in North America and worldwide. He said the proposed acquisition would strengthen the company's ability to serve that market by combining Komatsu's capabilities with two established brands that have strong products, experienced employees and long-standing customer relationships.
Takuya Imayoshi, president and CEO of Komatsu Ltd., said North America is a key market and the acquisition reflects continued investment in the region and in its construction equipment business. He described the proposed combination as a way to build a stronger foundation for long-term growth, first in North America and potentially in other markets.
The transaction is expected to close on January 1, 2027, subject to customary closing conditions. Komatsu's announcement frames the deal as a proposed acquisition; the businesses have not yet joined the company.