Komatsu has entered an agreement to acquire the road construction equipment division of Astec, which would bring the Roadtec and Carlson brands of road paving and maintenance equipment into the Komatsu portfolio.
The proposed acquisition would add pavers, milling machines, material transfer vehicles and stabilizers to Komatsu's equipment lineup. Komatsu said the transaction reflects its strategy of investing in businesses that complement its core operations and help address a broader range of industry needs.
The deal is expected to close on January 1, 2027, subject to customary closing conditions.
Executive perspectives
Rod Bull, CEO of Komatsu North America, said road construction plays an important role in building and maintaining infrastructure that supports communities and economies in North America and around the world. He said the proposed acquisition would strengthen Komatsu's ability to serve that essential market by combining its capabilities with two established brands known for strong products, experienced people and long-standing customer relationships.
Takuya Imayoshi, president and CEO of Komatsu Ltd., said Komatsu has long recognized the strategic importance of road construction equipment and has considered opportunities to expand in the market for many years. He described North America as one of Komatsu's key markets and said the acquisition reflects continued commitment to investing in the region and strengthening its construction equipment business. According to Imayoshi, 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 build a foundation for long-term growth in North America and other markets over time.
The transaction remains subject to closing conditions and has not yet been completed.