Komatsu has acquired two Quebec based forestry brands from Prenbec Equipment Inc.
On Jan. 26, Komatsu President and CEO Tetsuji Ohashi signed the agreement to acquire the Quadco and Southstar attachment operations from Prenbec.
The deal excludes the forestry equipment businesses of Tanguay and Forespro delimbers. The acquisition will be made through a subsidiary of Komatsu in the United States and is expected to close this month, subject to completion of the closing conditions.
Southstar manufactures harvesting heads and heads, as well as grapple processors.
Quadco provides a variety of disc saw heads, shear heads, rotators and brushcutters.
By adding the Quadco felling heads and Southstar large harvester heads to the existing lines of Log Max and Komatsu small and medium-sized harvester heads, Komatsu will be able to offer its customers a full range of forestry attachments.
Quadco and Southstar will continue to operate as independent companies within the Komatsu group, following the completion of the acquisition and will maintain their existing sales networks. A forest attachment division within Komatsu Forest AB will be formed, which will manage the Quadco, Southstar and Log Max brands.
In April 2016, Komatsu launched a three-year mid-range management plan under the slogan “Together We Innovate GEMBA Worldwide –Growth Toward Our 100th Anniversary (2021) and Beyond.” In line with this plan, Komatsu decided to make the recent acquisition and expand its forestry attachment business.
The global market for forestry machines, including forestry attachments, is continuing to grow at a rapid rate.
It is anticipated that there will be particular growth in the North American market, where full tree length logging is the dominant method.