Komatsu North America has struck a deal with SRC of Lexington Inc that would boost its remanufacturing capabilities.
SRC of Lexington has made its name in supplying remanufactured components and parts for construction and mining equipment.
“This agreement reflects a shared commitment to remanufacturing excellence, technical expertise, and long-term support for customers,” SRC Holdings Corp president Tim Stack said.
“Just as important, it reflects our responsibility to do what is right for our people. Becoming part of Komatsu allows the Lexington team to build on over three decades of remanufacturing strength, while providing the investment, long-term support and opportunity needed to carry that legacy forward into its next chapter.”
The demand for remanufactured parts has significantly grown in the past decade with Komatsu’s remanufacturing business’ transaction volume increasing fourfold according to the company over the 2010 to 2024 financial years. By the end of 2025, Komatsu’s reman network was reported to be 45 locations across 16 countries.
The deal will strength Komatsu’s presence in North America with an estimated closure by February 2026.
“North America is one of Komatsu’s most important markets for both construction and mining equipment,” Komatsu North America vice president for parts and infrastructure Danny Murtagh said.
“This acquisition allows us to deepen our reman capabilities closer to customers, improve responsiveness, and support dealers and end users with high-quality, cost-effective solutions throughout the equipment lifecycle.”
