Komatsu has announced plans to acquire the assets of SRC of Lexington, a Kentucky–based supplier of remanufactured components and parts for construction and mining equipment.

The transaction is expected to close by the end of February 2026, subject to customary closing conditions.

The acquisition is said to strengthen Komatsu’s remanufacturing capabilities in North America and support growing demand for remanufactured solutions.

By investing in a dedicated facility in the United States, Komatsu plans to enhance its ability to serve customers in one of the world’s largest construction and mining equipment markets.

Demand for remanufactured components has increased alongside the expansion of the installed base of quarry and mining equipment in North America since 2010.

Over that period, Komatsu’s remanufacturing business has grown significantly, with transaction volume increasing approximately fourfold from fiscal year 2010 to fiscal year 2024.

“North America is one of Komatsu’s most important markets for both construction and mining equipment,” said Komatsu vice president of parts and infrastructure Danny Murtagh said.

He noted that the acquisition will allow Komatsu to deepen remanufacturing capabilities closer to customers, improve responsiveness, and support dealers and end users with cost-effective solutions throughout the equipment lifecycle.

President of SRC Holdings, the parent company of SRC of Lexington, Tim Stack said the agreement reflects a shared commitment to remanufacturing excellence, technical expertise, and long-term customer support, while also providing continuity and future opportunity for the Lexington team.

Through its reman operations, Komatsu recovers used components, restores them to like-new condition, and returns them to the market with the same quality standards as new parts.

As of 2025, Komatsu’s global reman network includes 45 locations across 16 countries.