Komatsu CEO Shopping for Acquisition Targets in US, Europe

Company keen on producers of parts, technology and systems to upgrade its hybrid drives

Komatsu Ltd., the world’s second-largest construction machinery maker, is looking for potential acquisition targets in the U.S. and Europe and plans to conclude a deal within three years, President Kunio Noji said.

The company is keen on parts producers and technology ventures that make electronic components and systems to upgrade its hybrid earthmoving machines and mining trucks, Noji said in an interview at the company’s headquarters in Tokyo. Komatsu is also looking for a manufacturer of underground mining equipment to expand its products, he said.

(More on Komatsu in acquisition mode . . . )