Komatsu, Joy Global look to the future

Executive leaders from Komatsu Ltd. and Joy Global Inc. met at MINExpo International 2016 to reaffirm their commitment to pursue new innovations that drive customer benefits after their acquisition is completed.

Komatsu and Joy Global announced an agreement in July in which Komatsu will acquire Joy Global. During their meeting at MINExpo, Komatsu President and CEO Ted Ohashi and Joy Global President and CEO Ted Doheny discussed the pursuit of new innovations that can drive customer benefits following the acquisition.

The transaction is expected to be finalized midway through 2017, according to Komatsu.

“Our customers are sharing very positive feedback about the agreement,” Ohashi says. “Some have approached us at MINExpo to congratulate us on our decision. We are working closely with Joy Global and relevant authorities to move the process forward.”

Doheny agreed, noting industry recognition of the complementary nature of the two companies’ product and service offerings.

“Many of our customers and other business partners see the benefit of combining companies: a broader offering of products, systems and solutions across a wider scope of mining and construction applications,” Doheny says. “Both companies believe in having the best products, direct service, being operationally excellent and having the best people in the world.”

According to the companies, joining Joy Global with Komatsu will offer customers several benefits. Customers can expect a broader line of mining and construction equipment for drilling, earthmoving, loading and hauling systems, as well as solutions for both underground and surface mining. In addition, the companies anticipate they will enhance their global customer support.

“The synergistic collaboration between the companies will drive our innovation and enhance our capacity to provide quality products and solutions that improve the safety and productivity of mining operations,” Ohashi says. “We will together strive to become an even better, more invaluable partner for our customers.”

Adds Doheny: “The combination of two world-class companies offers exciting opportunities to enhance and expand the solutions and services we provide customers. With strengthened capabilities and a continued focus on solving our customers’ toughest challenges, we look forward to working together to advance the mining industry.”