Komatsu acquires iVolve

The acquisition, through Komatsu’s wholly owned subsidiary in Australia, marks a significant milestone for the company. Komatsu is recognised as a key player in the fleet management space and this strategic acquisition reflects the business’ belief in the potential of iVolve.

“We are thrilled to become part of the Komatsu family,” said Kim Parascos, CEO and co-founder of iVolve. "We have enjoyed a long working relationship with Komatsu and believe this agreement aligns with our goals and vision, and importantly, the resources of Komatsu will help us achieve our growth goals.

“As a Komatsu brand, we aim to widen our market presence, elevate our product line, and preserve flexibility for our customers. Our existing customers will also benefit from this new alignment, as we leverage the expertise, commitment, and reach of Komatsu to improve our offering.

“iVolve will continue to offer solutions on a wide range of platforms in support of their expanding customer base. iVolve was founded on the core values of “Simple, Intelligent, and Commitment” and this continues to drive everything we do. We will foster our brand and culture through this new phase of our development,” Kim commented.

Komatsu Australia CEO, Sean Taylor added that, “Australia is renowned as a global centre of excellence for mining, quarrying, and construction technology. This acquisition will provide global scale for iVolve and enable the ongoing development of iVolve’s products and solutions into the future.”

Read the article online at: https://www.globalminingreview.com/mining/04122023/komatsu-acquires-ivolve/