Colorado Public Works Journal, Winter 2024

6┃ Colorado Public Works Journal Works News E Q U I P M E N T Komatsu acquire American Battery Solutions Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the condition that all necessary procedures for the closing are completed. The immediate impact on Komatsu’s consolidated business results is estimated to be minimal. ABS 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. The acquisition of ABS will enable Komatsu to develop and produce its own battery-operated construction and mining equipment, through the integration of ABS’ battery technology with Komatsu’s knowledge and network. The first equipment produced with ABS’ batteries will be used to power mining equipment in North and South America, where demand for electrification has been increasing. In the future, Komatsu will aim to expand the use of batteries in construction equipment and to establish a global supply system. Komatsu will continue to support ABS’ battery business to further develop the electrification business post-acquisition. ABS will operate as a stand-alone business entity within Komatsu and will continue its growth plans by executing on its current and prospective customer programs in the commercial vehicle segments. The mining and construction opportunities provided through Komatsu will enable ABS to position itself as one of the world’s leading providers of battery systems in both on-highway and offhighway markets. Through the acquisition, Komatsu will accelerate the development of battery-powered electric vehicles by utilizing ABS’ battery-related technology, along with other initiatives Komatsu is pursuing with its partners, to further contribute to the electrification of construction and mining equipment and the realization of a decarbonized society. GREELEY, Colo. As of December 12, 4Rivers Equipment embarks on an exciting expansion journey, solidifying its commitment to serving customers across Colorado with the acquisition of three Honnen Equipment locations in Commerce City, Grand Junction, and Durango. This strategic move further cements 4Rivers Equipment as a premier dealer of John Deere construction equipment while enhancing its capacity to deliver top-tier services statewide. This milestone unites two Colorado-born companies steeped in rich legacies. 4Rivers Equipment, with roots dating back to 1926 in Holly, Colorado, joins forces with Honnen Equipment, an integral part of the Denver and Western Colorado communities since 1963. The collaboration is poised to ignite innovation and resourcefulness, empowering an even more comprehensive response to the evolving industry demands. John Shearer, CEO of 4Rivers Equipment, conveyed his enthusiasm for the future, Empowering our local teams to make decisions closer to our customers is a pivotal shift that promises unparalleled benefits. Our teams, intimately connected to the pulse of our customers, align every decision with our core values: innovation, integrity, respect, and commitment. This change embodies what sets 4Rivers Equipment apart becoming not just a supplier, but your working partner.̱ Danny Bratton, General Manager at 4Rivers Equipment, emphasized their joint commitment to customer- centric operations, saying, “Bringing aboard such a talented team, dedicated to our customers’ needs, fills me with tremendous excitement. Their commitment ensures we not only meet but exceed the expectations of those we serve, paving the way for exceptional experiences and lasting relationships.” This union of resources, expertise, and technology will enable 4Rivers Equipment to elevate customer support, marking the beginning of an exciting new era for the company. While headquartered in Greeley, Colorado, 4Rivers Equipment looks forward to extending its exceptional service to both existing and new customers throughout the state. 4Rivers Equipment expands it services with the acquisition of three Honnen Equipment locations

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