Komatsu announces agreement to acquire Swedish manufacturer of attachments for silviculture:
To Expand the Sustainable Forestry Business to Make Carbon Neutral Contributions
Through Komatsu Forest AB, a wholly owned subsidiary in Sweden, Komatsu Ltd. (President and CEO: Hiroyuki Ogawa) (hereafter “Komatsu”) is going to acquire Bracke Forest AB (CEO: Klas-Håkan Ljungberg) (hereafter “Bracke”), headquartered in Bräcke, Sweden, which develops, manufactures, and sells application-specific attachments for silviculture. Komatsu is planning to close the acquisition on July 1, 2022, on the condition that all necessary procedures for closing are completed. The impact on Komatsu’s consolidated business results is estimated to be minimal.
Komatsu concerts efforts in the forestry business, as it upholds the sustainable forestry which not only engages in harvesting and forwarding but also includes silviculture and forest management. Komatsu also works to mechanize dangerous work, facilitate wide use of forest machines that contribute to safety, and promote smart forestry that analyzes drone and satellite-based data for the management of forests, including the number and height of trees.
Tree planting is expected to expand worldwide for lumber production and environmental concerns, such as the promotion of carbon neutrality. At the same time, the need for mechanization is growing, especially because tree planting is labor-intensive work, with an increase in planting in remote areas, and a decrease in the workforce. With extensive know-how of silviculture over the years, Bracke develops, manufactures, and sells application-specific attachments for use in silviculture processes. Since 2014, Bracke and Komatsu have engaged in joint development by sharing respective technologies and experience accumulated over the years, respectively in forest and construction machines. In 2020, Komatsu launched the D61EM-23M0, the world’s first bulldozer-based automatic* crawler planter, in Brazil.
Even after the acquisition, Komatsu will continue to incorporate Bracke’s technologies and expertise in the field of planting in order to accelerate its pace of mechanization of all processes other than harvesting and forwarding, which have already been mechanized. Komatsu will work to generate synergy for smart forestry and provide higher value-added products in order to enhance the safety and productivity of customers’ jobsite operations and make carbon-neutral contributions.
*The D61EM-23M0 performs automatic traveling, stopping, and planting on the preset courses.
Outline of Bracke
Name: Bracke Forest AB (unlisted)
Headquartered: Bräcke, Sweden
Representative: Klas-Håkan Ljungberg
Major line of business: Development, manufacturer, and sales of application-specific attachments for use in silviculture processes
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