Details finalized on Komatsu’s acquisition of Joy Global

Komatsu America Corp., a subsidiary of Komatsu Ltd., has completed its acquisition of Joy Global Inc.

Retaining its headquarters in Milwaukee, Joy Global Inc. will be renamed Komatsu Mining Corp. and operate as a subsidiary of Komatsu. The company will continue to promote and invest in the P&H, Joy and Montabert product brands, the company says.

“The combination of our Komatsu-brand surface mining equipment with the P&H, Joy and Montabert brands of surface and underground products will allow us to offer a complete range of mining solutions for our customers,” says Tetsuji Ohashi, president and CEO of Komatsu. “We plan to build on the strength of our shared cultures, including our unwavering belief in safety first and our passion for providing innovative solutions, to become an unrivaled mining solutions and services provider.”

The close of the transaction adds more than 10,000 people to the Komatsu team, bringing the company’s global total to more than 57,000 employees.

Jeffrey Dawes, former leader of Komatsu Latin America, will lead Komatsu Mining Corp. Dawes and his management team will be based in Milwaukee.