Komatsu Announces Restructuring of the Rental Equipment Business in Japan

Komatsu Ltd. approved the merger of Komatsu Rental Ltd., a consolidated subsidiary.

Komatsu stated the planned restructuring calls for a reassessment of the roles of the rental business conventionally played by Komatsu Rental in the Komatsu Group. Komatsu Ltd. is going to succeed to the rental equipment assets of Komatsu Rental, while a new wholly owned subsidiary of Komatsu Ltd. will take over and engage exclusively in rental operations for customers in the Japanese market. In this simplified absorption-type merger of a consolidated subsidiary, Komatsu Ltd. will become the surviving company, and Komatsu Rental will be dissolved.

For the entire story, click here.

Loading