Komatsu : Equity Participation in ZMP Inc. -Accelerating the Development of Next-Generation Construction and Mining Equipment-
February 13, 2015 at 02:14 am EST
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Komatsu Ltd. (President and CEO: Tetsuji Ohashi) (hereinafter "Komatsu") announced today that Komatsu made equity participation in ZMP Inc. (President and CEO: Mr. Hisashi Taniguchi) (hereinafter "ZMP") in order to facilitate technological collaboration in automation of construction and mining equipment and other areas.
To promote growth strategies based on innovation, one of the basic strategies in the ongoing mid-range management plan ending March 31, 2016, Komatsu emphasizes the development of construction equipment of the future and next-generation mining equipment by applying ICT and fundamental technologies as well as collaboration with other companies for innovation. Komatsu made the equity participation as part of these schemes.
ZMP boasts advanced technological expertise in image recognition, sensing and controls in the field of vehicle automation systems. ZMP enjoys outstanding evaluations from the automobile and other industries.
Prior to equity participation, Komatsu was collaborating with ZMP to develop control technology for mining equipment. Through this equity participation, Komatsu is going to further strengthen collaboration in unmanned operation of construction and mining equipment, vehicle automation and other fields. Komatsu will be able to accelerate the pace of providing products and service that are designed to innovate customers' jobsites, and that ZMP will be able to expand its business domains and expect further growth. In this manner, Komatsu believes that the two should be able to develop and enjoy a Win-Win relationship.
Komatsu expects minimal impact on its consolidated business results from this equity participation.
[Outline of ZMP Inc.]
Name:
ZMP Inc.
Established:
January 30, 2001
Located:
5-41-10, Koishikawa, Bunkyo-ku, Tokyo
Representative:
Mr. Hisashi Taniguchi, President and CEO
Paid-in capital:
JPY387.5 million
Line of business:
Development, sale and development support of autonomous vehicle systems
URL:
http://www.zmp.co.jp/?lang=en
Information in the news releases is current on the date of the announcement and is subject to change without notice.
Komatsu Ltd. specializes in manufacturing and marketing of construction and mining operating materials. Net sales break down by family of products as follows:
- construction and mining operating materials (91.3%): hydraulic excavators, backhoe loaders, wheel loaders, graders, crawler excavators, forklifts, tunneling, bulldozers, forest tractors, etc.;
- other (6.6%): primarily industrial machines (grinders, press brakes, temperature control equipments, etc.).
The remaining sales (2.1%) are from financing activities.
Net sales are distributed geographically as follows: Japan (13.9%), China (4.7%), Asia and Oceania (21.4%), Americas (37.5%), Europe and CIS (15.7%), Africa and Middle East (6.8%).
KOMATSU LTD. 
