Dec. 01, 2023
Komatsu Ltd. (President and CEO : Hiroyuki Ogawa) (hereafter “Komatsu”), through its wholly owned subsidiary in Australia, has acquired iVolve Holdings Pty Ltd (Queensland, Australia, CEO : Kim Parascos) (hereafter “iVolve”), a provider of fleet management system (“FMS”) for construction and mining equipment. The impact on Komatsu’s consolidated business results is estimated to be minimal.
iVolve is a technology company that provides FMS for small to mid-tier miners, contractors, and quarries. iVolve offers systems that visualize operation management information, reduce running costs, and promote safe operations through access to real-time data.
“Mine 4D” which is flagship product of iVolve for small to mid-tier miners, contractors
The construction and mining industries require safe and productive field operations.
To solve this problem, Komatsu has been introducing FMS from its wholly owned subsidiary Modular Mining Systems for large-scale mines and Smart Construction, an ICT construction solution, for the construction and civil engineering industry.
iVolve's strength lies in the development and sales of FMS for small to mid-tier miners, contractors, and quarries, which lies between large-scale mining and the construction and civil engineering industries. iVolve has achieved optimal operation management at customers' sites in Australia and North America.
Through this acquisition, Komatsu will globally deploy iVolve's FMS, which has a unique IoT platform, as a new solution to further contribute to improving safety and productivity at customers' workplaces.
After the completion of the acquisition, iVolve will continue to provide its services as an independent group company, and aims to become the world's leading FMS provider in the construction and mining equipment market by capturing new business opportunities through Komatsu network.
DANTOTSU Value is defined as customer value creation that generates a positive cycle of improvement of earnings and ESG resolutions in Komatsu's mid-term management plan, entitled "DANTOTSU Value - Together, to "The Next" for sustainable growth". Through this DANTOTSU Value, Komatsu will strive to create new values in order to take steady steps forward to the next stage for the workplace of the future and pass on a sustainable future to the next generation.
Outline of iVolve
Name : iVolve Holdings Pty Ltd. (private company)
Location : Brisbane, Queensland, Australia
Representative : Kim Parascos
Line of business : Development and sales of fleet management system for small to mid-tier miners, contractors, and quarries
URL : https://www.ivolve.com/
No : 0068(3291)
Corporate Communications Department
Sustainability Promotion Division
Komatsu Ltd.
tel: +81-(0)3-5561-2616
mail: JP00MB_cc_department@global.komatsu
*The information may be subject to change without notice.
