Komatsu acquires iVolve

Komatsu has acquired fleet management company iVolve Pty Ltd in a move that will enable the brand to reach a broader global market and grow its footprint in the mining and quarry industries.

The acquisition, through Komatsu’s wholly owned subsidiary in Australia, marks a significant milestone for the company.

Komatsu Australia chief executive Sean Taylor says “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,” he said.

iVolve chief executive and co-founder Kim Parascos says the company is thrilled to become part of the Komatsu family.

“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,” she said.

“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, & Commitment’ and this continues to drive everything we do.

“We will foster our brand and culture through this new phase of our development.”