Komatsu To Acquire Finland Forestry Business
Komatsu Ltd. of Japan agreed to acquire Kone Oyj’s forest machine business, Partek Forest for about $138 million. The deal is subject to approval by the appropriate competition authorities.
According to a report in Diesel Progress, Komatsu will broaden its range of forestry equipment to all major markets with the acquisition. Partek Forest’s sales for the 12 months ended Sept. 30, were approximately $276 million, not including the forest cranes business, which has been transferred to Kone’s Load Handling business area, and is not included in the transaction.